..maybe ready to move up to the low 30
eqx weekly stoch bottom RSI at 50 , multiple higher lows on macro , suggests strong buy with commodity demand
EQX looks quite a bit healthier than GDX. It is much closer to new highs, and in the last couple days has shown relative strength. This coil and flag breaking out together suggest buyers are starting to overwhelm sellers here. After two months of consolidation in the Gold sector, I'm adding on any dips for long term, no-trade holding.
R/R: 3.35 (Some people like messy charts, I don’t)
I have EQX backtesting a nice cup breakout and therefore not very overbought at all. I like this one because it has very high insider ownership. Relative to Gold, I see it under-performing inside a bull flag. I think it plays catch up when it's ready to.
EQX has resolved bullishly from my last post. It held the channel and is now making new highs. So, naturally, I'm thinking, is it time to reduce risk and take profits? Well, I find that the MACD is -just now- about to cross up, so a new move higher is certainly possible. I imagine the Gold breakout lends new life to the trend. At the very least, it makes me...
No price discovery yet. but i would add from $10 - $8 for a long. could be a good long term value gold miner. Also a acquisition candidate for major gold miners
Equinox is one of my favorite Gold miners. Today it held the bottom of a pretty long channel quite well. Broadly, the Gold sector is holding up strongly. There is still risk if the DXY wants to bounce off its extreme oversold condition, and that could send stocks and Gold into a correction. But I posted GDX to show that this name is small enough (and...
EQX Found that this stock is on a decent run and has recently hit it's high. Looking at the MA's, this stock is riding the 5 with the 5/20 expanding (bullish). Supported by the MACD still rising and the RSI just short of overbought, but within the threshold. EQX is one of the better in the mining sector, but I've added AU as a close second as far as value. You...
This week just broke upward on BIG volume against a long term uptrend. The CEO is determined to make this one of the largest gold miners. Equinox and Liberty Gold were both mentioned as 'no-brainer' investments by Marin Katusa. Now available for free. (www.youtube.com)