Goldsource Mines has been on a clear uptrend over the past months. Every time it has had a new leg up it can be easily seen by a few inidications. 1. A broken Trendline 2. An oversold signal on the Stochastic RSI 3. A MACD crossover 4. Price meeting support at the 20MA or the bollinger bands. GXS has just shown all of these signs and is looking like it is ready for its next leg up. It is currently trading 14% away from the upper bollinger band and the stocks all time high. Keep in mind every other time is has had one of these moves it has broken the upper BB, so this is looking like a possible 14+ percent move.
I'd be interested in an updated view from you regarding Goldsource Mines. It's a company I've been following for a number of years and fundamentally as well as technically, I think it has a lot of promise. Thanks in advance!!!
juniortrader
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Hey, sorry I couldn't get back to you earlier! I've been busy with school recently and haven't been trading. But currently I have no trade ideas on GXS, as you can see it just broke out of an ascending traingle a week ago which would have been a nice opportunity to short. I'll let you know if i see any trades with GXS in the future though!