Gold stocks are really peaking my interest of late
-24 Week Inverse H&S
-High volume and reduced range
-Clean, horizontal neckline
-21 Weekly MA turned support
-Bollinger Band contraction on the weekly with band expansion on daily into neckline
100 basis point risk planned
-24 Week Inverse H&S
-High volume and reduced range
-Clean, horizontal neckline
-21 Weekly MA turned support
-Bollinger Band contraction on the weekly with band expansion on daily into neckline
100 basis point risk planned
Trade active:
50 basis points
Comment:
Stop @ 5.03
Trade closed: stop reached:
Stopped out, gapped below boundary with volume