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SBGL - divergences don't matter until they do...Part III


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#1 diogenes227

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Posted 21 November 2017 - 08:46 PM

From the link:

 

 

Back in a little into the little gold stock that can get bigger in a hurry.

 

As has been said before, divergences don’t mean anything until they do (see the chart below). SBGL made a lower low in the last two days but the channel commodity index did not, setting up, once again, a divergence that might be telling on the long side.

 

For some historical reassurance and charts:

 

SBGL - the little gold stock know to get bigger...

 

Good luck and good trading.

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.

#2 diogenes227

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Posted 27 November 2017 - 05:13 PM

SBGL has run up 9.4% since the buy signal four days ago.

 

PUTTING IN THE STOPS


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.