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Golden Ridge Resources Ltd.Golden Ridge Resources Ltd.Golden Ridge Resources Ltd.

Golden Ridge Resources Ltd.

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GLDN trade ideas

GLDN:TSXV - Golden Ridge Resources: trend-line test, curling upGLDN:TSXV - Golden Ridge Resources: a slight equilibrium pattern setting up after the recent high of $0.195 was set back on June 24, and so far $0.165 & $0.17 have shown their support while $0.185 has been resistance. The daily and weekly charts have had great consolidation on the move up. Gold spot prices are breaking back out above $1400USD after a week of consolidation, this could help fuel the miner/explorers higher than previous years. Could also see some first drill results coming in the next couple weeks which, may fuel continued upward momentum, last year gold spot prices pulled in heavily in the middle of July, which fuelled a correction in GLDN's share price, this year with gold prices strong I'd anticipate a different trend/pattern to form. #GOLD #goldentriangle $GLDN.V Near term Catalysts: Drilling commenced on June 14, nearly a month earlier than last year, this drilling season is working on last years very promising finds that propelled the stock up 200% into the 50c range. This drilling season should see similar results and will be reflected in the stock price, the land they own was previously Barrick Gold's which sat un-explored for 20 years. Speculatively, In the future this could be bought back. TSXV:GLDN
TSXV:GLDNLong
by justin_paul
LONG GLDN:TSXV - Golden Ridge Resources: Grinding Upward.GLDN:TSXV - Golden Ridge Resources: After some heavy buying this morning pushing us up to $0.195. The range $0.19 - $0.195 had a bit of history as resistance back in October from the larger down move. That said the chart is still very bullish and with Gold ripping to 5 year highs there are nice tailwinds for continuation. The 50dma is about to cross the 200dma tomorrow, giving us a golden cross of the averages. #GOLD #goldentriangle $GLDN.V Near term Catalysts: Drilling commenced on June 14, nearly a month earlier than last year, this drilling season is working on last years very promising finds that propelled the stock up 200% into the 50c range. This drilling season should see similar results and will be reflected in the stock price, the land they own was previously Barrick Gold's which sat un-explored for 20 years. Speculatively, In the future this could be bought back. TSXV:GLDN
TSXV:GLDNLong
by justin_paul
GLDN:TSXV - Golden Ridge Resources: Curling up, Gold tailwindGLDN:TSXV - Golden Ridge Resources: Chart is continuing to set up nicely, holding $0.155 and closing at the high of the day. Would like to see a higher high and higher low tomorrow. Its done a good job confirming support at $0.155. Also bounced off the mid line of the Bollinger Band's and right near the trend line, the 50dma is now less then a penny from the 200dma, likely getting the cross Monday. #GOLD #goldentriangle $GLDN.V Near term Catalysts: Drilling commenced on June 14, nearly a month earlier than last year, this drilling season is working on last years very promising finds that propelled the stock up 200% into the 50c range. This drilling season should see similar results and will be reflected in the stock price, the land they own was previously Barrick Gold's which sat un-explored for 20 years. Speculatively, In the future this could be bought back. TSXV:GLDN
TSXV:GLDNLong
by justin_paul
GLDN:TSXV - Golden Ridge Resources: decent cool off into supportGLDN:TSXV - Golden Ridge Resources: Chart setting up nicely, for this seasonal gold explorer stock. Pulling back into previous resistance at the $0.155 and $0.16 zone, we will see if it can confirm new support there. Also coming back into the mid line of the Bollinger Band's and the trend line, 50dma is approaching the 200dma, likely see it cross by month's end for a Golden Cross. Catalysts: Drilling commenced on Friday, nearly a month earlier than last year, this drilling season is working on last years very promising finds that propelled the stock up 200% into the 50c range. This drilling season should see similar results and will be reflected in the stock price, the land they own was previously Barrick Gold's which sat un-explored for 20 years. Speculatively, In the future this could be bought back TSXV:GLDN
TSXV:GLDNLong
by justin_paul
GLDN technical analysisGood evening everyone! Looks like GLDN is on a bullish momentum. Fresh out of a break out due to the mention of the company receiving permission to mine by the ministry in BC. That's the fundamentals for you, keep that in the back of your mind. Let's get technical. Two HUGE bullish engulfing candles were shown to prove the breakout from the 0.17 resistance line. It peaked to 0.20 matching a previous high from December 2017. MACD and the force index are bullish (2 points for the bulls). The moving averages are somewhat neutral to me because although the 50 MA is finally above the 100 MA, it is still below the 200 MA (0 points for either the bulls or bears). If you also look closely at a wider perspective, this stock is forming a cup and handle formation.. testing the 0.17 6 times!! With that said, we are in a bullish momentum for this stock. I am setting my alarms to have my buy order between 0.18 or 0.17. 0.18 is safer than 0.17. I think we are just about to reach a new all time high ever since the drop from years ago. Thanks for reading my analysis. This is Balanar, the night stalker... I stalk these charts... day and night!
TSXV:GLDNLong
by balanar_NS