G&G Bros. 7X Quickie- Bring on the wedding season
This one looks interesting the G&G brothers decided to buy back their shares and went back on their decision to do so causing this to tank . ( wikki )
Technically this made a double bottom at 31 and then continued to 7.20ish from where its started to pick up steam.
So, am assuming these brothers know what they are doing and have decided to buy back their shares slightly cheaper than before.I mean am sure they have a lot of gold and that's appreciated like crazy so that's a plus.
Also demand for Gold for weddings plummeted like crazy which i recon should return and so will the people buying gold nearer to its ATH.
Gut feeling says this should reclaim 31 then move to take down 58.65 after which 140 will be quick.
Again a share to buy and forget at 17 now with a slim chance of it coming to 14.45 where the 50 day is going to cross the 99 day on the daily. Stop loss again , wouldn't really bother at present however once in profit put a stop loss .
Position size decent bag which shall lighten along the way..
time frame : for some reason i'd like to say under a year however may take a wee while longer:) maybe cause i'm really bullish on gold ( emotion's )
Technically this made a double bottom at 31 and then continued to 7.20ish from where its started to pick up steam.
So, am assuming these brothers know what they are doing and have decided to buy back their shares slightly cheaper than before.I mean am sure they have a lot of gold and that's appreciated like crazy so that's a plus.
Also demand for Gold for weddings plummeted like crazy which i recon should return and so will the people buying gold nearer to its ATH.
Gut feeling says this should reclaim 31 then move to take down 58.65 after which 140 will be quick.
Again a share to buy and forget at 17 now with a slim chance of it coming to 14.45 where the 50 day is going to cross the 99 day on the daily. Stop loss again , wouldn't really bother at present however once in profit put a stop loss .
Position size decent bag which shall lighten along the way..
time frame : for some reason i'd like to say under a year however may take a wee while longer:) maybe cause i'm really bullish on gold ( emotion's )