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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Mon Apr 11, 2005 6:21 pm Post subject: CBJ Chart (updated) |
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Gold stocks are down, in general, and CBJ fell much further than most gold stocks. Either there is inside information (i.e. negative news not yet made public) or selling accelerated from stop losses. If selling is from stop losses, then CBJ is more likely to snap higher. Both the RSI and ULT (oscillator) are severely oversold, and 2.10 is the first short-term target.
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