Hi GHT,Two that are in confirmed uptrend are: SGX and KCNOf the...

  1. 9,081 Posts.
    Hi GHT,

    Two that are in confirmed uptrend are: SGX and KCN

    Of the two 'biggies' NCM and LGL I would not be confident holding them until we see a decisive break above $35 and $3.65 respectively .... and that may well happen but I will wait until it does before entry.

    DOM needs to break above $5.75/80 and speccy SBM really needs to post an end of week close around 0.50 before I would get interested.

    As to when to get off upwardly trending gold stocks I let the charts tell me that ... as they rise, up goes the stop loss and the 'sell' occurs when definitive breaks of trend occur.

    Of the gold stocks I follow I have positions in the two uptrending stocks mentioned: KCN & SGX

    Others are awaiting entry but only on the appropriate signal. I have learnt the hard way of the folly of rushing in and buying on 'hope'. These days I like to have a sound technical reason for buying (and exiting)

    Good luck.
 
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