Gold sector bellwether Royal Gold was reviewed last year with a weekly chart and damned if it did not hit the upside target and then some. Now it is in an Ascending Triangle, probably with a lot of work to do before it breaks out. One can think about a target - probably many months from now - above 100.
I do not give stock trading advice because I think that is a silly endeavor generally put forth by silly people. But if I were to give advice on Royal Gold it would be BUY THE GAP if you are hot and bothered for RGLD and aching to buy for fundamental reasons. That is an area of visual support, the EMA 50 and of course, a gap fill. BTW, I do not currently own RGLD.
http://www.biiwii.blogspot.com
http://www.biiwii.com
I do not give stock trading advice because I think that is a silly endeavor generally put forth by silly people. But if I were to give advice on Royal Gold it would be BUY THE GAP if you are hot and bothered for RGLD and aching to buy for fundamental reasons. That is an area of visual support, the EMA 50 and of course, a gap fill. BTW, I do not currently own RGLD.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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