JoeHayes
Long

GG set to retest $21 off Bullish Momentum Divergence

NYSE:GG   GOLDCORP INC NEW
Above average volume led a bounce off of previous low's for GG             as well as a bounce from the Bollinger band extreme. We are seeing very noticeable momentum divergence off of the mac-d histogram and signal lines. The RSI has also given us the green light as it has failed to make lower lows, and the mac-d histogram has put in its first higher low today signaling our entry. Looking to retest the previous swing high for a very attractive risk/reward ratio.
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