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TOPIC: Highland Gold

Highland Gold 30 Jun 2019 12:03 #1

  • Trendfriend
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Good chart MM and its nice to see more posts here again.. :)

I remember trading HGM this a while back....it's a good stock....held up well

hgm - daily.(chart from 26 July)
uk.advfn.com/p.php?pid=chartscreenshotsh...XXGQMPM%2FpgQwfg4%3D

This has clearly broken out....but i think it will drop of a tad...key levels 185p>176p>163p.

I think most likely to 176p.. with 163p possible...
If it does drop to 163p i think it would be a nice buying opportunity...

the technical basis for the drop is the history of the rsi...every time it goes toward the overheated 80 level....it drops of....almost always back down towards the 30 level.... (Marked with arrows on the chart)
I think its more than a reasonable possibility for the same to happen again imvho... :whistle:

Just my view from a crazy rsi watcher :lol: :silly:

atb, wdik, dyor,
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Highland Gold 26 Jun 2019 21:42 #2

  • madmaxx
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This lookls like just broken out of c&h on monthly chart, going to fly probably

Screenshot_20190624-231801_IGTrading.jpg
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