GREY:CGOOF - Post by User
Post by
Masterbuilderon Apr 06, 2017 12:48pm
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Post# 26086553
Trading $ levels and future pattern possibilities
Trading $ levels and future pattern possibilitiesI was a broker at one of the big three firms some time ago and know something about charts and technical analysis.
My own charting suggests to me the next test is $3.59 and that could break down to $3.23.
If $3.23 holds and bounces, the stock could build a base by trading between $3.23 and $3.85 to eventually form a head and shoulders pattern until this fall when gold starts to approach the seasonal up trend.
The only near term upside catalyst I can see is IF gold price was to spike up and go parabolic, but the market is shaking off talks of war, deficits, Trump and all kinds of things.
Very weird market.