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CBJ Chart

 
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arthur
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PostPosted: Sat Apr 09, 2005 9:01 am    Post subject: CBJ Chart Reply with quote
The CBJ (small cap gold) daily chart shows a severely oversold RSI and Oscillator (ULT). So, there may be an oversold bounce to the congestion area (circle) between 2.15 and 2.25 (or roughly 10%). Metal stocks fell on the strength of the dollar recently, and CBJ is relatively more oversold and fundamentally more undervalued (since it has earnings and earnings growth) than other gold stocks. Moreover, gold is in a bull market, and smaller cap gold stocks are potential takeover targets.

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