This is making its U-turn, it takes time for this big cruise to turn around and head to north pole for Xmas.
changing direction of its mid-term and long term down trend.
50MA crossed above 200MA recently
Consolidating after strong reversal patter
short term consolidation triangle is getting too small. Volume shows perfect time for a break out
GFRD - great company, recently sold its house building business to Bovis home which ended the long lasting Hybrid business model.
With over £1M cash in the company and £1B order book and a very much debt free. £1.20 per share is relatively cheap.
Technical wise, trend line resistance level been tested multiple times now and today volume surged and the Bulls won,...
good long position, with a cracking 4.6R profit ratio.
If Gold gets to 1800 before a deep pull back, should give enough time for Condor Gold small cap to break the current trend channel.
Here we go a good company PolyMetal
4 reason i'd put this in my to-do-list
1. RSI recently bounce back from 30
2. Confirmation of uptrend after a little pull back - Fib 0.5 level
3. coming up from below 50SMA to above 50SMA
4. good risk profit ratio. looking for something between 3.98R to 5R profit margin
Is this going to be case A or B...down side is this correlated well with Gold price, if gold go bearish, this is close enough to the 200MA actually a good bid position.
MA 50 and MA 200 are changing direction.
Volume hits low and RSI at 50 ish.
Case 1, 2 and 3.
Hope for the best, plan for the worst. with a bit of waiting game here, may be worth it.
Entrance point above Resistance?
