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Paramount Gold Nevada Corp. Message Board

  • MiniME1961 MiniME1961 Aug 8, 2012 3:08 PM Flag

    Price action.....

    This low volume down drarft in stock price USUALLY proceeds a positive announcement. Lets see if we hear anything by Friday.

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    • I believe that I see what technicians call a box formation on the PZG chart. PZG's been in a price range between $3 and $2 since Aug 2011. The box is an indecision formation and it always breaks up or down in the same length as the box itself. So measure 9 cm (on a weekly chart)for the box and add 9 cm to the price and you get the future price target. I correctly identified the same formation when I bought EXK at $3 and sold it for $10 in 2011. If I am correct PZG measures to at least $9 - I can't be exact because the numbers run off the chart.

1.081-0.009(-0.83%)10:45 AMEST