Took the profit at the top. Nice

Posted by Drizzt
December 19, 2008

So the MACD and RSI for GoldCorp shows that if it were to continue higher, its gonna have a trajectory that is unsustainable. I thought it would be right to take profit on that trade. Luckily, i moved to cash at $32.85.

Took the profit at the top. Nice ggcorrectionrs3

The way it takes out the moving average convincingly seems to indicate gold stocks may resume their uptrend. Those guys that still believe in the gold story, or those that do not believe in it can then make their decision. Its a win-win for all.

Lets see the support at $27.50 holds. Next at $23.20.

Took the profit at the top. Nice pixel

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Portfolio, Stock Market Commentary, Technical Analysis

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