Market Flash

Bitesize analysis of stocks, indices, commodities, and forex delivered more frequently through the trading day.

Amerisur Resources finds further chart support – will it hold? (AMER)

Amerisur Resources (LSE:AMER) has seen its stock price tumble since it announced disappointing news regarding the N-sands at its Pintadillo-1 well. The price subsequently dipped below a long-term Falling Wedge pattern which I anticipated could provide the basis for a potential trend reversal for Amerisur. The stock has since hit new lows of 11.08p with a…