RE: Stage Analysis Beginners Questions-WGO.V
Hi again,
Here is another miner WGO.V that looks to be setting up for a buy if it breaks the trendline and gets above the cloud at around 1.34+.
I was wondering whether this is still not a buy because the 30 ema is not rising yet and the 30 ma is just starting to curl up. If it is not a proper buy above 1.34 roughly, then at what point would it be a buy (would we need to see 30 EMA, 30 MA and 10 MA all clearly rising?).
Also, if one is looking to buy a miner must one just focus on the chart and its proper buy signal or must one also worry about what gold is doing because then it becomes more of a guessing game if a chart says buy but gold is saying it could still pull back some (or move higher) so one becomes paralyzed even if the chart says buy yet gold direction is not clear.
Thank for your thoughts,
Brian