St. James Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold.
Price Target 1: $2.05
Price Target 2: $2.90
Stop loss: $1.05
Looking forward to read your opinion about it.
- It is very important the the price back above $11 soon before it considered a trading range the bounds between $11 to $17.
- A break out of the range then lead the price to the $35 target.
keep in simple.
we have fallen below volume average price, which is a great time to enter. With a long correction, comes a bottom.
This may be a long opportunity, and with our market still due a harder crash then last year, this may be the perfect storm.
We are retesting the last level below as I type this. I have a position long myself @10.15
Indicators are...
Bull case
- Last rally pushed above previous high around 1190
- Broke bearish channel set up from April 2013
- Broke out of descending diagonal
Right now sat under divergent weekly stochastic resistance so holding out for a dip and long set up to pull the trigger
With the gold miners stocks tend to have a very volatile behavior. They correlate with the equities market as well as physical gold. Hence they tend to gap up and down. That's just its personality. Looking at the long term view, it still looks bullish and the inverse head and shoulder is still intact. Possible morning star reversal forming if it if gaps up...
