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Golden Star Resources, Ltd. Message Board

  • hudnel0789 hudnel0789 Jun 16, 2013 10:51 AM Flag

    Attn: Chartist:

    Interactive chart (5 day selection) is beginning to demonstrate a new head and shoulders pattern.

    A) Left shoulder $0.545
    B) Head $0.5501
    C Right shoulder has not formed as yet. Should we experience a fall in price Monday, then another right shoulder rise which exceeds left shoulder price, we could be seeing a reversal in trend, regardless of how large or small.

    Definition of 'Head And Shoulders Pattern'
    A technical analysis term used to describe a chart formation in which a stock's price:
    1. Rises to a peak and subsequently declines.
    2. Then, the price rises above the former peak and again declines.
    3. And finally, rises again, but not to the second peak, and declines once more.

    The first and third peaks are shoulders, and the second peak forms the head.

    The "head-and-shoulders" pattern is believed to be one of the most reliable trend-reversal patterns.

    Nothing certain yet, but keep your eyes peeled and position yourself for maximum profits if the pattern is completed. I will be watching and posting as it develops.

    As always, please do not use the writings of anyone on a comments forum when making investing/trading decisions, including mine. I'm just alerting you to a "POSSIBLE" reversal trend.

    I continue to accumulate, being ever so mindful to protect my investment.

    BUY LOW --- SELL HIGH, it never works the other way around.

    Have a nice rest of the weekend.

    Hudnel

    Sentiment: Strong Buy

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