SBM
SBM - Trade PlanSBM has broken out of it downtrend line with High Volume indicating a possible change in trend. There is also MACD Bullish Divergence indicating a change in momentum. This shows that the risk to reward is on the upside. My plan is to target the initial resistance level of $2.05 (potential 10% gain) with a tight stop below the recent low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SBM at beginning of new bull phaseAfter the recent sell-off, we can see that SBM bounced strongly off the 200MA. Couple this with gold entering a multi-year bull market and $3 is looking cheap.
ST BARBARA LIMITED double bottom? $SBMIs ST BARBARA LIMITED showing a double bottom?
It could be a good buying opportunity next week if Gold Prices continues to go higher.
sbm $4.10 looking ready to move on upSignificant divergence, which is good enough for me.
Last of the weak hands out by now...surely
FD holding
