GORO - Double Hook Break Out Price failed to break 4.20's resistance in late Dec; another hook forming - may re-test this area; a break over 4.20 & 50ma could see move to 4.70's 100ma and recover to 5.25 200ma
I like the price action on this chart. Reminds me of Bitcoin chart. ABC correction underway, and if price hits $2.60 area and we see green volume rushing in then that would be a good sign we are on the next wave up (Wave 3).
This gold miner stands out as one that has not "sold off" during this recent Gold decline. It could be shaping up nicely as a longer term hold. Logical stop would be below the trendline, or 10% from here. With the new weakness in the dollar and yesterday's pop in Gold, prospects look good.
Using this indicator I exited my position at $4.10 yesterday with an entry of $3.50......happy trading!
Well using this indicator I finally decided to get out while I'm ahead. Check out the chart just over 17% return for this trade. Happy trading everyone.....going to still keep my eye on this for future trades!
Has tested a couple limits over that last couple of trading days BUT based on our system we're still in this....LOOKIN' GOOD!
Currently producing a RED X using this indicator. Either a SELL or 1st STOP to protect profits. Let's see how this ends today.
World stock index is booming a, index breaking record. therefore investors are expecting sooner or later a correction of the equity stock market. this is a long term investement for not less than 1 year. the EPS TTM is 25.59. After a declining trend for serveral months is there a new trend. i expect the stock price above 5.00
Great position to be in using this indicator.....I think we'll see GORO and other gold stocks on an uptrend.
This is one stock you want to keep your eye on seeing how gold minors are moving up steadily. Just let her ride
Trading against the reversal of an Ending Diagonal is never a good idea. Price frequently returns to, or exceeds, the starting point. Gold Resource Corp might have another squiggle lower to complete wave (2). I'd like to see some positive divergence set up on MACD.
Yes, I am positive about gold. But don't forget the big picture. Above is the chart of GORO, which has more than doubled since the beginning of 2016. The pattern I have highlighted is called a "Bearish Continuation Wedge". This indicates that if support is violated at about $2.22, the price could fall as much as 40% to about $1.40. If this gold stock stays in an...