Replies to post #9011 on lowtrade

[MrBigz]

Hi MrMarco.

I think you are saying that the downtrend will continue, but not positive that is what you are trying to say.

IMO, for the mid-term that may be true and the downtrend may continue since it seems to have a difficult time breaking thru the sar resistance.

But as low trade has stated, you can earn a living trading stocks in a downward channel.

For the immediate term (Monday, Tuesday, and maybe Wednesday), I think SLGLF is heading up.
The indicators look really good and it also looks like we have the 13 MA about to cross the 60 MA (a buy signal).
AROON(3) - Green crossed RED
RSI - looking good
MA 5, 10, and 20 aligned and MA 5 turning up thru 20.
The only thing that I do not like is that daily volume isn't increasing significantly.