Base Jumping
In the premium reports, we've been looking at bullish bases in the Energy and Precious Metals sector lately . Very quickly they are jumping making some strong moves %-wise. Explosive gains actually.
For example, this was SGY when I pointed it out. It ran from $4 to $7 in August/September and then pulled back after hitting resistance at the 50sma, forming an inverse H&S. When it broke above the 50sma , it was a buy around $6.
SGY - 3 days later and it is nearing $10. Thats $4 to $10 in about 1 month.
EXXI is up 150% in 7 days!
These are obviously getting extended and may be due for a pull back. That means that it is best to look at other bases that are currently set up, and try to front run some Base Jumping...
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Have You Been Trading Metals & Miners?
Have you been trading Gold, Silver, or maybe some of the Miners recently? They have been quite volatile lately, with many good traders being stopped out and frustrated. I was recently stopped out last week, when some miners did a false break higher above their 50sma, only to turn down and close below the 50sma […]
Gold Is Jumping
Yes, Gold is jumping, but we’ve seen that before, right? The question is , ” Will it make it to it’s intended target, or land flat and flounder around like a (gold) Fish out of water?” Here at Chartfreak, we have been waiting for this next leg higher. Lets review some of the charts […]
