TSX:LSG.DB - Post by User
Comment by
BradsMyNameon Sep 04, 2013 3:18pm
336 Views
Post# 21718169
RE:Gold Strike ON In Africa!!!!
RE:Gold Strike ON In Africa!!!!It's very simple whats going on........both physical gold and the miners have been in major overbought territory for a couple of weeks now. The full stockastic, the relitve strength index along with the ultimate oscilater are all indicating over bought territory. As i mentioned earlier physical gold and the minning sector are now correcting. Pay attention to the 20 day and the 50 day moving averages. This is were support lies. As i type LSG 20 DMA is at 0.48 cents and the 50 DMA is at 0.38 cemts. These averages at this point are moving upperwards each day of trading. I hope this helps ypu out Eagle. Nothing goes straight up and corrections are healthy for bullish stocks.