Goldstone has been in a descending trend channel since it peaked in November last year but looks like it has found bottom here and may start a new up trend. It closed at $0.71 on Friday after touching support and finishing just above the 200 SMA line. Indicators are clearly oversold and they have been in that state for what I would think is a good resting period. The only thing that is not perfect on this chart is the strong ADX line indicating a negative trend (Really? Had not noticed!). The reason why I don't like it is because trends take a bit of time to change direction, so we're going to see the ADX line come back down before starting to show an upwards trend, which could indicate we'd be taking a premature entry at this point in time.

The swing trade here would be to catch the bounce that should occur off of support and the bottom of the trend line. Entry would be just above Friday's candle at $0.72 with a stop loss at $0.68. Target would be the top of the trend line at $0.80 for gains of 11.1%. From there, I would re-evaluate the position to see if it has broken the downtrend. Second target would be $0.90 for gains of 25% if it breaks the trend.

See chart and other picks here...

http://us1.campaign-archive2.com/?u=4d6d491aea8e01d93d8a1f390&id=4764de9dd9#GRC