Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

GOLDNEV RESOURCES INC V.GNZ



TSXV:GNZ - Post by User

Bullboard Posts
Comment by skydiver069on Aug 23, 2008 9:35pm
231 Views
Post# 15406131

RE: Continuation Wedge (Bullish)

RE: Continuation Wedge (Bullish)Not quite clear what the wedge is suppose to represent?  Perhaps you can elaborate for those of us in this boat.

Is the BUY indicator present when the stocks breaks out of this wedge?  I see the upward trendline you've presented, and it's apparent that we're clearly out of that.  Using a 90 day chart, it would appear that the 10dma is about to intersect with the 50dma.  If I see a cross over take place, to me that would be a buy signal; but one would also have to pay close attention to the 200dma hanging around the $0.25 mark.  .. ... MACD should start puling upwards if the 10dma crosses the 50dma, too..

Just my 2 cents on the chart patterns.  But please do take a minute and explain the wedge formation when time permits.

Sky
Bullboard Posts