RED X today - Sell or 1st StopCurrently producing a RED X using this indicator. Either a SELL or 1st STOP to protect profits. Let's see how this ends today.
GORO trade ideas
GOROWorld 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
Bullish trend based on signalsGreat position to be in using this indicator.....I think we'll see GORO and other gold stocks on an uptrend.
Added to my position this AM This is one stock you want to keep your eye on seeing how gold minors are moving up steadily.
Just let her ride
GORO - DailyTrading 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.
Chart School 101: A Warning For Goldbugs: Part 1 Of 2Yes, 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 uptrend, the prices will continue to rise above the lower parts of the WEDGE that has developed at around $2.40 to $2.50. GORO has violated the lower portion of the wedge 8 times in the past two weeks. The bar-type oscillator on the bottom is warning me that the phase 2 pulse energy of the price action is weakening. The thick red double trend lines are down. As you view the chart, look right to left, note that the Ichimoku Cloud is lower. The current price of $2.50 is about a .618 retracement of where GORO was in mid-October of 2015 ($3.20). For the record, I am positive on the outlook for gold, but always be alert to where the vehicle you choose (stock) has come from. GORO is up 100% since the beginning of 2016, and has violated a key wedge pattern. The most important word for you today is "caution". After all, trees do grow to the sky.
I hope this has been entertaining, helpful, and informative. I also hope it saves you money. Yours for better trading, Don.
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the GORO if it trades at 2.37 or higher. If triggered, place your stop at 2.19 and exit the position for a profit at 2.44 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
Simple Trading Techniques – Bullish Strategy
Go long the GORO if it trades at 2.42 or higher. If triggered, place your stop at 2.11 and exit the position for a profit at 2.62 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of a strategy at: www.udemy.com
GORO lowered dividends trigger sell offvolume increase and sell off triggered by lowered dividends, now it looks like it is consolidating, inflation rates should cause the price of gold to go up, so this chart should follow, Rsi indicates its over sold, if it can break two dollars it may continue to climb.
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