SBL 0.00% 0.1¢ signature metals limited

level headed view

  1. 10,142 Posts.
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    Hi Chawkey

    I was looking at the SBL chart today. Since you asked in the other post these are my thoughts:

    3 year weekly chart:

    sbl3yearweeklychart15august2011

    1. Share price was trending down (red line). Share price found a bend in the end of the down trend and Buyers started kicking in and the share price went up.

    2. Pink line shows share price trending down again, note also volume is trending down with it.

    3. The green horizontal line shows support at 1.6 cents now. This could be the bottom? What we need is buyers coming in like last time.

    4. Grey rectangle are is what we want to see like last time. With the stochastic and MACD oversold hopefully we are at the bottom with the share price


    5 year monthly chart:

    SBL5yearmonthlychart15august2011

    1. Monthly shows the same as the weekly. Stochastic is oversold again like last time (grey box), and green line showing support. Need POG to go through the roof or SBL to announce something to get buyers coming in again. Or Traders might repeat the same pattern again and the share price rises?

    ....................................................

    There were a few posts today comparing SBL to other goldies, so i thought i'd post some charts. Last time i compared a few goldies was on the 25th May 2011 on Post: 6757307....or copy and paste:

    http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1467496&msgid=8346846

    or click this link:

    CEB's Gold Coy comparison 25th May 2011

    I have compared a few in the one chart this time to see how SBL has compared to other goldies.

    6 Month chart comparing SBL, AZM, RSG, OGC, CTO and bottom half comparing SBL with ABU, RED, SBM, NCM:

    (click on chart to make it bigger)
    SBL6monthcomparison15august2011

    and the 6 month chart with SBL, ABU and NST:

    SBL6monthcomparisonabunst15august2011

    1. If you bought all of the companies 6 months ago, SBL was the worst choice being down 50%.

    2. However, you would be down (losing money) with AZM, RSG, OGC, CTO

    3. You would be break even with NCM, SBM, and RED

    4. ABU and NST were the only 2 best performers.

    5. this is the list of goldies i know of. So, given the price of gold has been going up ...... Looks like the gold shares aren't following!!

    Now, if you bought them all 1 year ago:

    (click chart to view better)
    SBL1yearcomparison15august2011

    and SBL vs ABU and NST again:

    SBL1yearcomparisonabunst15august2011

    1. If you bought SBL 1 year ago you would be at break even, and with AZM.

    2. You would be down about 45% if you bought OGC and CTO

    3. NCM and SBM haven't really performed that well (up 10 to 15%??)

    4. Top performers are RSG, ABU and RED. NST was the top performer up 500% in a year.

    Summary:

    1. Some gold companies are up, some are down. Depending on when you bought them would alter you investment performance.

    2. Those that bought SBL 1 year ago are better off than those that bought 6 months ago

    3. SBL looks to be over sold and has support at 1.6 cents.

    4. Lets hope something sparks an interest in investors and traders to get SBL moving up.
 
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