[briansmith456]

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

you've mentioned the 30sma and that's key for me. Its still below it, and the sma is just flattening. you may well find that price goes up and down, possibly taking you out until stage 2 asserts itself (ie when its in stage 1). its too early in my opinion.
as for the miners and gold..the question would still be whether the sector itself is doing well rather than the commodity. 
gold is doing very well right now, however that doesn't mean the miners themselves will. you would imagine a correlation, but not necessarily as the company's outlook is not dependent on the value of the commodity itself but on its ability to take advantage, its competitiveness, its own technology.

Thanks Malguti, you make good points. I was concerned about the 30 exponential ma and SMA's not rising yet to give a more proper entry signal. Like you say they are flattish so the stock can bob up and  down for now until something becomes more clear with the  moving averages.

Brian