GLDN:TSXV - Golden Ridge Resources: a slight equilibrium pattern setting up after the recent high of $0.195 was set back on June 24, and so far $0.165 & $0.17 have shown their support while $0.185 has been resistance. The daily and weekly charts have had great consolidation on the move up. Gold spot prices are breaking back out above $1400USD after a week of...
GLDN:TSXV - Golden Ridge Resources: After some heavy buying this morning pushing us up to $0.195. The range $0.19 - $0.195 had a bit of history as resistance back in October from the larger down move. That said the chart is still very bullish and with Gold ripping to 5 year highs there are nice tailwinds for continuation. The 50dma is about to cross the 200dma...
GLDN:TSXV - Golden Ridge Resources: Chart is continuing to set up nicely, holding $0.155 and closing at the high of the day. Would like to see a higher high and higher low tomorrow. Its done a good job confirming support at $0.155. Also bounced off the mid line of the Bollinger Band's and right near the trend line, the 50dma is now less then a penny from the...
GLDN:TSXV - Golden Ridge Resources: Chart setting up nicely, for this seasonal gold explorer stock. Pulling back into previous resistance at the $0.155 and $0.16 zone, we will see if it can confirm new support there. Also coming back into the mid line of the Bollinger Band's and the trend line, 50dma is approaching the 200dma, likely see it cross by month's end...
Good evening everyone!
Looks like GLDN is on a bullish momentum. Fresh out of a break out due to the mention of the company receiving permission to mine by the ministry in BC. That's the fundamentals for you, keep that in the back of your mind.
Let's get technical. Two HUGE bullish engulfing candles were shown to prove the breakout from the 0.17 resistance line....
