Trading thoughts and ideas
Analysis of a wide range of stock, commodities and FOREX charts.
Specialized in gold and silver small-mid cap mining companies.
Wednesday, December 29, 2010
Gold Update - SBB.TO Sabina Gold & Silver setup
The technicals on this stock are strong, Slow Stoch is in around 46, and MACD still over the 0 level.
I am setting up a buy stop at 5.24. If this level is broken, the stock will be trading above the 20 MA and will be close to re establishing an uptrend.
Gold had a strong move on the 28th starting in Asia on the 27th. Gold is strange these days, it seems like it wants to pull back but always is getting a bid when the price gets to the 1350-1380 range.
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