Bullish Technicals - UXG

[TonytheSaint]

Take a look at the 6 month chart for UXG. Notice that the high of 2.72 in February was recently supassed in mid June at 2.76 and now 2.87 last week. Within these last 6 months, UXG has formed short (time) but solid bases and on each swing up it has been breaking through new resistance.

The past three days it has formed a small base right around $2.50. Now, this obviously has something to do with the recent drop in the price of gold. If UXG breaks thru 2.63 and gold gains any ground the next 2 weeks (there is plenty to gain) UXG should sky-rocket up from this temporary drop to just over $3. Just to be safe, set a limit order sell at $2.96 and ring the register.

That's a $0.33 per share gain or 12.5% on your initial investment.


Your welcome,

The Saint

[Herrb88]

dont like uxg

[FavStocks]

Here is a chart...

[FavStocks]

dont like uxg

Why don't you like them? Any particular reason?

[Grzegorz]

Don't they?
How do you think this stock will be affected by overall market trend?

[stock.bio]

Take a look at the 6 month chart for UXG. Notice that the high of 2.72 in February was recently supassed in mid June at 2.76 and now 2.87 last week. Within these last 6 months, UXG has formed short (time) but solid bases and on each swing up it has been breaking through new resistance.

The past three days it has formed a small base right around $2.50. Now, this obviously has something to do with the recent drop in the price of gold. If UXG breaks thru 2.63 and gold gains any ground the next 2 weeks (there is plenty to gain) UXG should sky-rocket up from this temporary drop to just over $3. Just to be safe, set a limit order sell at $2.96 and ring the register.

That's a $0.33 per share gain or 12.5% on your initial investment.


Your welcome,

The Saint

thank you very much

[rhyzhang]

Seems good. but high risk

[TheStockDude]

Seems good. but high risk

What makes you think it is high risk? The 1 year period rom April 2008 - May 2009 has a near perfect H & S. That along with the high amount of insider buying makes UXG extremely positive in my opinion. I am going to wait until it dips back under $2.50 to buy in.

[DogDayTrader]

Seems like every month, arround mid-month there's a nice dip and then a nice pop, good play against the dollar.

[TonytheSaint]

keep an eye out for my next play!

-The Saint