Considering the recent broad market pullback and the selling effect it had on certain issues... and the rebound moving into resistance as well as considering the nearness of the Summer Doldrums... I look at XMG which has some pretty strong fundamentals...
XAG has mustered some pretty positive strength... the chart is really bullish... it is very early in the move and supporting indicators suggest there is strong support about .46 to .50 cents... I would suggest that there is about 4 more weeks of broad market rally left and even so... if XAG moves up substantially and then becomes a victim... it is unlikely to see under .50 cents for some time...
Nice breakout on volume.. if it pulls back to low .50s... it should be a low risk entry on a good looking chart.
I'm starting to average in at .52 to .57...
GLTA Lostoutwest
If you see the hand mousing over screen shots... click on screen shots to enlarge them.
After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page
|| Stockcharts Public List ||
|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE
Please read our Complete Disclosure
No comments:
Post a Comment