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$4.69 saracen mineral holdings limited

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marcell123

606 Posts.

16

13/02/20

18:19

Post #: 42919702
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Originally posted by Pointyfigures ↑

There was a buy generated at $1.05 for RSG.
Still in a short term downtrend. Breakout at $1.27 if it continues straight up. 1st resistance at $1.20
The medium term uptrend was broken therefore resistance again at $1.55
These resistance levels change if there is decent volatility.
Accumulation/Distribution still angling down.
To be honest the charts are not flattering.
RSG may take longer than other stocks to capitalise on the rising gold price.
It is a boat that floats so will go up with the tide.
I suspect sovereign risk is the biggest issue for RSG.

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Thanks for your response.

SAR Price at posting: $4.12 Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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