Posted by frtaylor on 11th of Oct 2012 at 11:05 am
Matt, would you (or Steve) be willing to do an analysis of XME?
I would like to buy some, but with gold at its highs and neg
div on the gold daily MACD, I am waiting for a pullback in gold and
XME. One thing, the RSI 5 on the XME 60 minute chart is over
80 with this morning's move up. I see a channel/bear flag
developing on daily (see chart). I can also draw a bear wedge
on a 60 min chart, but not really enough touches (two on each
side), so that's more speculative. TIA
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XME: would like to buy some at some point
Posted by frtaylor on 11th of Oct 2012 at 11:05 am
Matt, would you (or Steve) be willing to do an analysis of XME? I would like to buy some, but with gold at its highs and neg div on the gold daily MACD, I am waiting for a pullback in gold and XME. One thing, the RSI 5 on the XME 60 minute chart is over 80 with this morning's move up. I see a channel/bear flag developing on daily (see chart). I can also draw a bear wedge on a 60 min chart, but not really enough touches (two on each side), so that's more speculative. TIA