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Roxgold Inc. T.ROXG

Roxgold Inc is a Canadian gold mining company. It is engaged in acquiring and exploring mineral properties. The company has two reportable segments; Mining operations and Exploration and evaluation of mineral properties, located in Burkina Faso. Its key asset is the Yaramoko Gold Mine, located in the Hounde greenstone belt of Burkina Faso, West Africa, and Seguela Gold Project located in Cote d'Ivoire, West Africa. The company's primary income is derived from the sale of gold.


TSX:ROXG - Post by User

Bullboard Posts
Comment by tradethechartson Nov 12, 2012 12:34pm
247 Views
Post# 20589003

RE: another analyst

RE: another analyst

Forget the analyst and look at the chart.  And not the inverted head and shoulders pattern either.There's good consolidation around the June spike high of 0.83 and the early october run is holding.  August to now trendline is holding too. Obvious entry for this was on Oct 24 at 0.8 with a stop at 0.74.  Stop is now to 0.85.

Target for ROG would be 1.2 but this puts at the top of the day the price gapped down in April.  Could see a bit of resistance here.  If you can get this close to .85 it would be a good low risk play.

Bullboard Posts