The current chart is still slowly marching toward resistance. I think if it is going to go the blue path that it will have to involve a gap breakout in order to send the message crisply to the herd. Buy the first pullback if you see a gap up.
Wednesday, January 6, 2016
[ABX] gets close to moment of truth.
Not much has changed since the backlink model below but I am looking at these gold plays even more carefully now that we are nearing strong resistance.
The current chart is still slowly marching toward resistance. I think if it is going to go the blue path that it will have to involve a gap breakout in order to send the message crisply to the herd. Buy the first pullback if you see a gap up.
The current chart is still slowly marching toward resistance. I think if it is going to go the blue path that it will have to involve a gap breakout in order to send the message crisply to the herd. Buy the first pullback if you see a gap up.
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