Share
1,952 Posts.
lightbulb Created with Sketch. 50
clock Created with Sketch. 06/10/20
16:06
Share
Originally posted by SreeHC:
↑
Couldn’t find a charting thread on this, so started one.....I was looking at some long term trend following charts which has produced pretty reasonable success for me in the past few years.....SBM of which I have a small “freeholding” lot seems to have finished its retracement of a uptrend that started in May this year....and could get back to its old highs by perhaps the end of this year....any other technical gurus have an opinion on this please? I was thinking of buying some more to add to my existing holdings....The company seems to have very minimal debt, is a gold producer at reasonable cost of production per ounce, pays a dividend to boot....so, seems to tick every box fundamentally, and technically charts also are signifying an uptrend (unless it closes below 2.82 by the end of this month).
Expand
Was the 200-day Moving average around 2.92 ish so seemed to bounce off from there quite strongly, signally a new uptrend?
(20min delay)