Anybody’s ballgame

Pure-Gold-Retail-Corporation

PGOLD continue to move inside the triangle. This time it is at the support area. Will it bounce like last time or it will break the support? PGOLD has only one bullish signal and it is weak but it would be a good try to test buy near support and see what will happen this week. It could be anybody’s game.

Relative Strength Index or RSI is at 40

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

2 Responses to Anybody’s ballgame

  1. Newbie here. Just a quick question. Since there's no major development in the company (Puregold), P/E is at 22+. I wonder what explains an analysis that stock price can further increase? Any material you can point me to so I can read more?

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