Brian_Nibley

Buying opportunities in Pure Gold Mining

Long
OTC:LRTNF   Pure Gold Mining, Inc.
LRTNF looks like it could see further losses, but is becoming oversold.

There has been huge buying near current levels, as you can see by the volume indicator.

The RSI is almost flat at just below 50. Look at the support level of $0.35 for a good buying opportunity, assuming the trend doesn't break beneath that and become the new resistance level.

LRTNF has also been trading beneath its 200-day EMA, like many stocks are probably doing right now. This is bearish overall but likely means we are approaching oversold levels.

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.