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Bullboard - Stock Discussion Forum Yellowjacket Resources Ltd V.YJK

TSXV:YJK - Post Discussion

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Post by BestYtTC1 on Mar 19, 2013 3:10pm

CHART

Don't forget the Cardinal Rule: SELL on News, especially, when the stock went up 300%.

CHART: Right now MCAD is way at the top 0.010 (time to take the profit) and the bars started melting down. Reload, when MCAD is at 0.000, close, or below that level. 

The stock may re-trace to 50 day MA, which is now 0.83, or to 100 day MA - .72. The real support is at .60.

Williams %R is also pointing downwards.

The charts are not always 100% correct, but usually they don't lie. Why? Because there are lots of technical traders, who are closely following them and are acting accordingly.

Comment by d2dgw on Mar 19, 2013 4:49pm
yes......BUT. the fundamentals of YJK have changed(material news)altogether.....it's now focusing on Uranium , not just gold....and a very small float,IMO, based on insider ownership alone.....It has the largest property now on the PLS.... we are now just under the main trading levels for YJK, before they announced the the strategic review(Oct 2012) the weekly chart shows plenty of room, still ...more  
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