Long
Randgold Resources - shiny again ?
low volatility (narrow Bollinger Band) hints for a consolidation but also a set up for future increasing volatility.
We have had a good sell-off in Gold and of course this stock, but maybe found a bottom , which was accompanied with positive divergence, crossover of the MACD trigger line
not out of the woods, but good enough for me for a long play.
and besides, given the overall toppish stock indices (bearish rising wedges, negative divergences, huge run since Nov) and the ongoing uncertainty in Europe (Cyprus, haircut fears on deposits)... I wouldn't mind to have some stocks of Randgold now.
happy hunting, happy trading
KP
We have had a good sell-off in Gold and of course this stock, but maybe found a bottom , which was accompanied with positive divergence, crossover of the MACD trigger line
not out of the woods, but good enough for me for a long play.
and besides, given the overall toppish stock indices (bearish rising wedges, negative divergences, huge run since Nov) and the ongoing uncertainty in Europe (Cyprus, haircut fears on deposits)... I wouldn't mind to have some stocks of Randgold now.
happy hunting, happy trading
KP
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