The timing is right... the first few days free of tax selling, and I'm seeing a broad swell... not so much an insurgence of buyers, but a relief from sellers that is allowing the present volume of buyers to gain a toe hold..
I have taken position in two stocks...
Twin Bute TBE.TO ...This chart is a good example of the balance of trade moving into a breakout above the golden triangle... the price has moved above the apex of the 50 and 200 day average.of which the two hundred day average is now support and a low risk entry point... I have seen moves like this take on a 300% rise over time... just a possibility!
Champion Minerals CHM.TO ... both which have charts that would make an up move in a broad market upswing... with price moving above the Apex of the golden triangle convergence of the 50 and 200 day average. CHM.TO is a little behind, but chugging just as aggressive... please note... IMOP these two charts represent early breakouts in a rising trend as visualized by the three MACD studies used to capture the depth of the move into an up trend with the trigger line crossover.
I maintain a tight mental stop but Level II suggests a reversal in progress... the charts show the price at a position just under resistance with volume and position suggesting... with the lack of selling pressure... it seems they will make a break out. Seasonally speaking we are on the cusp of the best four months traditionally experienced in the markets.
GLTA Lostoutwest
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Friday, January 6, 2012
Wednesday, January 4, 2012
Champion Minerals CHM.TO
Champion Minerals s producing a very interesting chart at just the right seasonal timing...
Be back with more....
LTA Lostoutwest
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Be back with more....
LTA 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
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