SGX 0.00% $8.08 sino gold mining limited

chart - still looking to rise

  1. 6,951 Posts.
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    Quite an interesting forecasting tool used on this P&F chart, whether the forecast is right or wrong will be revealed in the fulness of time, however at this stage the forecast is not posted as a maximum price projection.

    The gold price looks to be in a rising trend although it may well peak short term now and again, but the overall projection would appear to be much higher than the current price.

    However one did notice yesterday that LHG fell back so one presumes that some playmates thought it had run too far to hard and too fast. It is a very powerful chart and I personally would not short the share against a powerful bull market. So good luck to all those shorters, let's hope they can scramble back in time.

    Chickenbum, who may well show an improvement in manners in the fulness of time, may well be able to understand this chart and it will no doubt remind him of his younger years playing noughts and crosses in the nursery, as he seems to my other charts too much of a maze.

    IMO it is very fortunate that I have been given the opportunity to get strapped in on SGX to my mind it is a low market capitalisation for the quality and size of the company, and on the Denver presentation in the announcement there is an interesting chart overlaying SGX on top of the OXR share price movement at the comparable stages of development, and SGX looks to have a lot of firepower left in it.

    Best wishes playmates
    B2

 
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