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Golden Star Resources, Ltd. Message Board

  • keybotthequant keybotthequant Dec 1, 2011 5:49 PM Flag

    GSS Weekly Chart Positive Divergence

    GSS has been whipped hard the last year but the worst is over. The only two gold charts currently interesting for the long side are AEM and GSS. The purple rising wedge, overbot conditions and negative divergence spanked price down hard in 2010. The green positive divergence marked the bottom. Price has now come down for another test of the low. Note the positive divergence remaining shown by the blue lines. The indicators need to make a higher high to verify extended upside ahead. Watch the RSI 50% level. Price moving up thru the 20 MA resistance at 2.2 will signal further bullishness. The chart is constructive. Projection is sideways to sideways up moving forward for the weeks and months to come.

    For GSS chart use search box for keystone speculator.

0.84+0.0100(+1.20%)Sep 30 4:00 PMEDT