PGOLD nearing support slope

After PGOLD touched the resistance slope, it went down for two consecutive days and is nearing the support slope. This is now the time to monitor the stock closely. No bullish candlestick formation yet but it might appear near the support slope. If that will happen then we can test buy or add some shares. Our current resistance will be the 44.3 per share where the Senkou Span B of the Kumo is.

RSI or Relative Strength Index is currently at 48

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.

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