SGX 0.00% $8.08 sino gold mining limited

sgx chart

  1. 14,914 Posts.
    Heres my interpretation of the chart:

    I think its got strong support here around $5.20....Its respecting the 200MA, is well below the middle band of the bollinger, and has obviously retested $5.20 a few times and consolidated nicely there. I think it will trend up along the trend line shown with a target of $6.40.....POG needs to hold up obviously. On the weekly chart we have a doji star which is absolutely bullish from here IMO.....and a sure sign of upside over the next week or two.

    [URL=http://img523.imageshack.us/i/sgx.png/][/URL]

    [URL=http://img29.imageshack.us/i/sgxweekly.png/][/URL]
 
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