POG - down 30%

it is fundamentally on a rocky road, so picking a trade on fundies would be difficult, I don't think I could invest in it based purely on fundamentals, but that is just me, I am not a trader Good luck with your research and decision.

Not sure where POG is heading now...
Currenly gold is at 1293$.

ta
G

Possible long entry on a back test of breakout point on a first attempt basis.
106.75 is the level to watch for a quick bounce on a first attempt basis.


dl.dropboxusercontent.com/u/4899609/pog29thaug.png

Moiz wrote: Remo

Quick question if I may, did you anticipate such a strong up move, 20% it didn't even pause for breath.

Thanks for the TA and heads up.

Hi moiz
Once 107 was breached it did not have much resistance above until 140ish. So the powerful move was no surprise .Also the fact that we have had a 123 low added to the signal.When a trend change happens it normally happens like this. That's the added benefit of charts.
I don't really get surprised by moves any more. Pog had a nice rally on the back of gold.If you look at all the gold miner I bet they all went up quickly. Rand gold has also moved high.

POG is at a very strong range of resistance between 120p to 146p.

Needs to break this for higher prices.

Please find the attached chart.

ta
G
dl.dropboxusercontent.com/u/48916784/POG-19.08.2013-Daily.jpg

Remo

Quick question if I may, did you anticipate such a strong up move, 20% it didn't even pause for breath.

Thanks for the TA and heads up.