RE: In Focus: Gold Sector Stocks
(2019-06-24, 07:49 PM)isatrader Wrote:(2019-06-24, 06:00 PM)briansmith456 Wrote: Hi Isa,
Your gold scan had OM.V in it. I was wondering where one would buy it? Would one buy it if it broke above the current double top around 71 cents?
Thanks for your thoughts (chart is below).
Brian
I think it would be a close above the recent highs above 0.72, but you need to consider the risk too. So identify where the appropriate stop loss level would be and position size accordingly. As it’s a very volatile stock, so the risk would be high. Also what about this stock makes it’s the best pick above the other gold stocks to you?
Thanks for your comments. I have not had time to look at all the other stocks on the scan I was just looking at this one wondering where one would buy it. I was not sure whether proper buy point was break of the double top or perhaps pullback to 30 ema. So thanks for pointing out proper buy point and stop loss considerations.
Brian