RE: WHYPROMOTE
Pretty simple.....i've mentioned this ad nauseum.
GNG has traded in a tight range all year - $.16 to $.29 or so. Popped almost 100 % from August lows.
Resistance has been sold - and support has been bought. Happened again.
RSI (fading) never confirmed the recent move to $.27. Recent spikes have never lasted more than 3 months.
We are now at $.20.....around 200 dma.
https://stockcharts.com/h-sc/ui?s=GNG.V&p=D&yr=3&mn=0&dy=0&id=p42163095004
I like to use a longer time frame. Looooong flag pattern.
Assuming i'm looking to buy......where GNG is now is a better entry point than a few weeks ago.
TA takes the emotion out of trading.
We'll see how GNG reacts at these levels.
Listen to the tape......not anyone on this Board.
p