Replies to post #782 on First Mining Gold Corp (FFMGF)

[mrscashflow]

Okay this is my take for next week...

I follow the A .4736 B.4100 C.5729 D.?
I need confirmation Monday price action
and price pattern 'W'-formation
which creates a double bottom.

Next week I expect the rally will resume once
everybody take their place once the Benchmark
is printed from the open.

The Formula from Daily Averages
Add H+L+C+= /3= Daily Average all traders use it.

Daily Average for 4/25th Monday .4782 range

I always talked about in my recent post I shared about
opinion few days before the run. I only have an opinion
from what the chart tells me keeping my emotions at the door '-D

A tip I use are round numbers I learned from
a Option teacher the Round numbers .4100 Support
and yesterday 4/21 close .5100 Resistance

I also Look at the prices from today see if
I can get an idea of a possible direction.
Low today (.4500) Previous Close .5100

Plus see the Vertical Line @ .2955
the chart sent out a signalthe chart is
showing a change in the Trend right by the
(P) Pivot Point

Fill the chart
Shows The pattern is called Cup W/handle (Bullish)
The price pattern is on the handle the price will determine
if the price will Now reverse and move up or drop a bit more.

I watch the RSI FFMGF April 6 or 7 the price started being
oversold @ 70 rule if thumb buyin @ 30 profit taking @ 70
so the price finally climaxed @ .5729

FFMGF had ((3)) Gaps very close to filling the Parabolic Sar
showing there are still more Buyers Vs Sellers the dots are
still under the price up trend still in tact after 3 down days.

April 18th IF I was a profit taker that would had been the day.
http://stockcharts.com/h-sc/ui?s=FFMGF&p=D&b=5&g=0&id=p24617758255

My favorite indicator is the Ichimoku
Price action I watch the Green Line,
Trend Direction.

I keep my eyes on the Blue Line (Bullish)
it's pointing up the Red Line is sideways as
the price move up the Red Line will point down
which the two lines will part ways wider the
divergence higher the price.
http://stockcharts.com/h-sc/ui?s=FFMGF&p=D&b=5&g=0&id=p24617758255

Next week should reverse in direction the Parabolic Sar
still intact normal Friday. Low today might be signaling
the price might had bottomed the Close price moved
higher 0.474

We should know, no later than Tuesday if
the handle has been completed then move higher
I believe the next Target 1.00+

My take on Friday's close if the price dips a bit more 0.35?