RE: UK Stocks - Watchlist and Discussion
(2014-02-17, 11:05 PM)Tryst Wrote: Hi Isatrader, how are your charts of the GDX and GDXJ looking?
The PM miners (main and juniors) have been one of best performing sectors at the start of 2014.
True, they have been, but in terms of Weinstein's method they've only just moved into Stage 1A and relative performance although recovering strongly is still below the zero line, and both are still well below heavy resistance. But remember they are averages of multiple stock charts, so the fact that they've moved back into Stage 1A means that you should be able to find some stocks further into their recovery and already breaking out into Stage 2 like ABG.L which moved into Stage 2 four weeks ago, and got some stronger volume last week. And there's plenty of other types of miners too in Stage 1 / 1B like GEMD.L which is one to watch imo for a breakout with a heavy volume increase, as it's volume has gone quiet recently, so the selling pressure looks to have lessened.
Remember you want to focus on the leaders, and not the laggards and so find the strongest stocks in the sector and focus your research on those.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.