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5570 Postings, 6477 Tage skunk.worksGoldlion

10.12.07 07:01
Goldlion  traces an upward trend along the 10-day moving average where it is now at $2.60. Although the share price entered a correction after it had hit $3.15, it bottomed out at $2.45.

Meanwhile the counter poises to test $3.00 soon.

Since RSI-14 holds at 60-mark level and Stochastic Oscillator has given a buying signal, both technical indicators suggest the share to head north.

From this angle of view, this retailer is likely to break out from $3.00 and heads towards $3.30-level after the recent consolidation.  

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