Barrick Gold Prints an Inverse Head & Shoulders Pattern which is Bullish.
Switching to a Line Chart shows the Pattern.
As always, get a few outside Expert's Advice before taking Trade or Investment decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Switching to a Line Chart shows the Pattern.
As always, get a few outside Expert's Advice before taking Trade or Investment decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Note
Inverse Head Target Achieved.Note
Barrick Gold Corp Price Target Raised to C$25.00/Share From C$20.70 by Veritas Investment Research.Note
Whilst the Trade on the Pattern was achieved, Barrick has severely underperformed IMO in comparison to the South African Gold Miners.I would rather look to Harmony.JSE or Anglo Gold Ashanti.JSE and the Best Performer of late has been PAN AFRICAN RESOURCE PLC with a +55% Return in 6 Months.
Should the Gold Price increase due to lack of past Investment in this commodity mine development and also is a Diminishing resource, Expect these to POP within the next 6+ Months.
Note
PAN AFRICAN RESOURCE PLC has been Superb for those dedicated.Also pays Dividends. Congratulations to all who took the Risk.
I'm still Holding for more upside.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.