Welcome to the Evolving Gold Free HUB On AGORACOM

Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties adjacent to the Carlin district of Nevada.

Free
Message: Re: Looks Overbought
2
Jul 17, 2009 10:07AM
1
Jul 17, 2009 02:29PM

Jul 17, 2009 03:17PM
1
Jul 17, 2009 03:39PM
1
Jul 17, 2009 03:47PM

Jul 17, 2009 04:01PM

barak - yes, it looks overbought. That said...strong stocks can stay overbought for months at a time. Some of the most powerful moves occur after a stock has become overbought (on an RSI basis). I generally avoid entering or adding when a stock is overbought but I suspect that EVG may be in a process of its valuation catching up to recent developments. There were a lot of people who waited for ARU to cool off before buying it and they ended up missing it. I rely quite a bit on TA, but there are times and certain situations where it has to take the back seat. This might be one of them. Good luck!

tsl

2
Jul 19, 2009 09:16AM
Share
New Message
Please login to post a reply