Tuesday, January 21, 2014

Stock Charts: AC, BDO, LCB, PX and B2 Gold

Fig. 1 AC Stock Chart courtesy of COLFinancial

AC trying to break resistance at 540 then 50MA. Plenty of room to go up as MACD indicates. Profit taking might occur as STS is overbought. Accumulate is an option as market has breached the 6,000 level already.


Fig. 2 BDO Stock Chart courtesy of COLFinancial

BDO trying to break resistance at 73 then 50MA. Plenty of room to go up as MACD indicates (about to cross the centerline). Profit taking might occur as STS is overbought. Accumulate is an option as market has breached the 6,000 level already.

Fig. 3 LCB Stock Chart courtesy of COLFinancial

LCB already broke 50MA. MACD good sign of continuing upward momentum. Profit taking might occur as STS and RSI are overbought. The resurgence of mining stocks is confirmed by the DMI line pointing up.


Fig. 4 PX Stock Chart courtesy of COLFinancial

PX, like LCB, already broke 50MA (3rd time). MACD good sign of continuing upward momentum. Profit taking might occur as STS is overbought. The resurgence of mining stocks is confirmed by the DMI line pointing up. Clearly a buy!


Fig. 5 B2 Gold Stock Chart courtesy of stockcharts.com

For the past few days, B2 Gold broke its 50 and 200SMA. MACD good sign of continuing upward momentum (rally is evident). Profit taking might occur as RSI is overbought. Bullish long candles matched by hefty volume clearly signals a buy!


Fig. 6 Gold Price Chart courtesy of kitco.com

Gold price action from 1220ish to 1250ish.

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