"ABX oversold bounce potential" by trader timwest — published May 14, 2012

TradingView

Go PRO

BARRICK GOLD CORPORATION (BATS:ABX)

BATS:ABX BARRICK GOLD CORPORATION

ABX is deeply oversold and reversing up in a down market.
See chart for notes.
Tim
11:13AM EST Monday, May 14, 2012

Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com

well done

Bullseye!

TARGET ZONE REACHED for ABX. It took a bit of risk to get this trade "on" but this is the place to at least take half-off the table. There is a good chance it works up to the red-box up at 44-46. But a 10% return in a couple of weeks is satisfactory from my perspective. 10:50AM EST Fri, Jun 1, 2012

Followed.

Well. This trade is going down to even more oversold levels. I must assume that a race for cash is going on, coupled with a race to buy T-Bonds.

I think it is interesting to watch how GLD and OIH are correlating for the past nine months - you can't distinguish the charts. I will publish a chart of that next OIH versus GLD, daily for the last 9 months.

Cheers. Tim

Followed.

Thank you for the new idea Tim.

Agreed.

Community & Tools

House Rules Moderators People Chat Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar AppStore

For Business

Website & Broker Solutions Widgets Charting Library Trading Terminal Brokerage Integration Advertising Referral Program Content Streams & RSS

Support

Status Page Blog Feature Request Help & Wiki FAQ Contacts

About

How It Works Features Compare Plans Press Terms of Use Risk Warning Privacy Policy Cookies Policy

Made with

From the creators of MultiCharts

Select market data provided by ICE Data services