POG - something to watch...

Hi paitech
If you want support and resistances theres a topic specially for this in the main index at the bottom.
Ill put the support and resistance for pog in there
remo

Paitech wrote: Hi guys,

Anyone can provide some info (S/R) on POG and your views please.

I am holding some positions from 320p.

Not sure now I shall sell or hold it... if it goes up.

ta
G

Hi Paitech, good to see you posting the charts. I have the long term downtrend line at around 510 today, and the short term at 435, so some way to go - although I use dodgy IG charts so I wouldn't count on the figures too much!

Looking at your chart, what happens at the top left? The trendline seems to cut through a whole bunch of candles.

POG has reached the top of the down channel... will it break it or will it go down?

pls find the chart... break above this will be good... a change of trend...

ta
G

dl.dropbox.com/u/48916784/POG-17.01.2013.doc

Hi guys,

Anyone can provide some info (S/R) on POG and your views please.

I am holding some positions from 320p.

Not sure now I shall sell or hold it... if it goes up.

ta
G

I had an initial conservative target of 420ish on this. I'm long (although sold 40% at 368 on a stop that I'd moved up behind the SP). I've not got frequent internet access as just moved flat and am probably moving stops up too fast behind my trades, but it makes me feel insecure having no access to charts for the moment.

I entirely agree - so I am hanging on in there and have moved my stop up to above B/E to be safe. Want to target the top of the channel that was in play through the last 6 months of last year, which is around 440 at the moment - I won't set a limit and will watch to see if it breaks through - more of a swing (almost investment) play than a true trade.

I just feel this one is well oversold for the last 18 months or so.