Goldrush Resources Ltd. ( CVE:GOD ) (PINK:GDRRF) obviously didn't find the latest company update very promising as profit taking and short selling took the best of this stock on the second day after news came out. GOD price had gaped up 26.7% on Wednesday and it happened on a significant trading volume of 2.8 million, but the doji candle formed for the day already indicated indecision. Now, even with a 10.5% correction the bulls still have some hope because of the support at 16 cents per share. The stock price went up after Goldrush published assay results for the work done on Ronguen gold deposit in Bukina Faso. The company said the new findings were the highest grade encountered thus far on the deposit. The new discoveries will be evaluated in a new resource estimate which should be done during the first quarter of 2012. Highest grades found were up to 8.77 g/t over 23 meters and even 128 g/t over 1 meter. Since the news basically announced the company will be able to increase their resource estimates, there shouldn't be a negative reaction. Technically, the price broke out after forming an ascending triangle which should lead to some continuing gradual price increase.