While the general gold stock sector is doing what it usually does in frustrating most of the people most of the time, Royal Gold continues to look pretty darned okay.
RGLD was added to the conservative portfolio at 66.26 on the washout day in the last week of December. It sometimes plays the role of sector indicator and today it is green as it forms a cute little would-be bottom pattern. Panel indicators look good, with RSI due to find a bit of resistance just above. The key would be a confirmed MACD 'up' trigger.
Also for the bull case, volume needs to enter the picture sooner or later, as is the case for the whole sector.
http://www.biiwii.blogspot.com
http://www.biiwii.com
RGLD was added to the conservative portfolio at 66.26 on the washout day in the last week of December. It sometimes plays the role of sector indicator and today it is green as it forms a cute little would-be bottom pattern. Panel indicators look good, with RSI due to find a bit of resistance just above. The key would be a confirmed MACD 'up' trigger.
Also for the bull case, volume needs to enter the picture sooner or later, as is the case for the whole sector.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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