ASA Gold and Precious Metals Ltd C.ASA

Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.

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ASA Gold and Precious Metals Ltd > Stock is still in an upward trend

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Post by PUNJABIon Apr 16, 2021 9:21am

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Post# 33009923

Stock is still in an upward trend

Nasty pull back with about 8 days of declines, but no violations the stock did not come close to SMA 50

RSI signal works most of the time. Very reliable indicator. I have not yet figured out if there is some science behind it or that too many investors act on it and it becomes a reality. It is part of algorithms too.

RSI has made me a lot of money. This is my favorite indicator. At times when I have ignored this indicator, it has cost me the lost opportunity. I have learned to respect this indicator.

The stock has cooled off and is no longer overbought. The pull was nasty because the buying was not broad-based and the low was $2.31. Very few shares traded there. I tried to hit the offer but missed it.

MACD line is turning up towards the trigger line.

During the last declining days some retail investors sold hard. There was institutional profit-taking and risk management. Some sales could be related to the last financing above $2.55.

Buying was mostly institutional. The size of institutional investors increasing. Canaccord dumped hard.

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