Most gold stocks have taken a hit over the past months, but $RGL is one that can quickly reclaim old highs with gold coming back off a down trend. Definetly a risky play as its a spec stock, but put in a stop loss at 20% will reduce the risk. May even wait for some news on drilling results.
(ASX:RGL) Riversgold Ltd is an Australian based gold exploration and development company with projects in Australia and Alaska.
With Solid Fundamentals, Announcements inbound and Clear TA forming this is shaping up to be a Great Trade & Investment.
Chart:
- Completion of Bullish Pennant
- Classic Bullflag Formed
- MACD Reversed and Spreading
- RSI trending...
