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Registered User
Joined: 11/5/2005
Posts: 180
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BOP, TSV, and MS look positive, crossing through centerline.
Volume increasing too.
What do others think here?
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Registered User
Joined: 4/18/2005
Posts: 4,090
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I wouldn't touch this one... I don't like the flow of price in general.. and it is so cheap.I had a few "gold" oportunities come up in my scans last night..
IAU and GLD both seem to be moving today.. but not to far gone.
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Registered User
Joined: 12/21/2004
Posts: 902
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I think I like it - but I have mixied feelings. The price just recently made a multi-month price/MACD-H low - meaning that the low should be retested (i.e., it hasn't hit necessarily hit bottom yet). OTOH, I kind of like the price pattern. I've seen several instances where there's a horizontal movement followed by a break in one direction that then feints and swings in a major way to the other direction - and this might be one of those times. Plus gold as a sector is on the move right now, so it might get dragged along by virtue of being a gold stock.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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On the weekly chart. This has nice support. From the
12/05 lows to the 01/07 lows to the 6/07 lows.
Of course it has all the dangers of a 50 cent stock.
As hohandy said. The sector will probably be its
biggest plus.
Thanks
diceman
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