Continental Gold Limited New CGOOF

Technical predictions on course. Watch closely!

[Masterbuilder]

A few posts back I suggested the stock could trade between $3.23 and $3.89 looking at the charts technically. You could get a rebound... or more selling. 

I have no gut feeling either way.

I will supplement that by saying if we break below $3.23 the next support level is $2.41.

I would lean more towards continued selling as gold prices have strong seasonality. If you research "gold price seasonality", you will find that over the last 30 years you would make good money by buying in August and selling in early February.

I wouldn't fault anybody for sitting on the sidelines until August based on this argument.

Happy trading.