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.
Friday, July 22, 2011
Maple Leaf Foods (TSX: MFI), Essential Energy Services (TSX: ESN), High River Gold (TSX: HRG)
Maple Leaf Foods (TSX: MFI)
Maple leaf foods have been working through a 6 month triangle. Today there was a break in the price down almost 4%. However, monitor this stock as if this break turns out to be a fail move, the upside potential is quite large. Therefore buying at 11.80-11.90 with a very tight stop could be a low risk high reward trade.
Essential Energy Services (TSX: ESN)
Essential Energy Services on strong volume confirms the move yesterday. It is at bollinger band limits but over the next 2-3 weeks I would expect continuing bullish action unless oil crashes dramatically.
High River Gold (TSX: HRG)
High River Gold - HRG - Has had a sharp pull back into strong support. The 20, 200, 50 Moving averages will provide support, with rising gold prices seeing a price of 1.50 is within a few months is more likely than not.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment