Junior gold company-has held up amazingly well despite most
other stocks including the seniors have been hit hard. One reason
is their drilling program has done well. Looks like a bull flag or
even a complex IHS pattern forming here.
Good point-thanks. Another entry point might be to buy at
support with a stop just below the 50 day MA. I'm also watching the
MACD to see if it crosses up.
or a cup and handle. since the right side neckline point is so
much higher than the left, I'd think you can buy on the break over
the right neckline point, and not wait to cross a drawn-in
neckline, which would be a much higher point.
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Posted by mp9ca on 30th of Sep 2011 at 08:04 pm
Junior gold company-has held up amazingly well despite most other stocks including the seniors have been hit hard. One reason is their drilling program has done well. Looks like a bull flag or even a complex IHS pattern forming here.
Good point-thanks. Another entry point
Posted by mp9ca on 1st of Oct 2011 at 03:30 pm
Good point-thanks. Another entry point might be to buy at support with a stop just below the 50 day MA. I'm also watching the MACD to see if it crosses up.
or a cup and handle.
Posted by frtaylor on 1st of Oct 2011 at 09:34 am
or a cup and handle. since the right side neckline point is so much higher than the left, I'd think you can buy on the break over the right neckline point, and not wait to cross a drawn-in neckline, which would be a much higher point.