Target hit on Barrick Gold ($ABX)

$ABX target hit …

Target Hit ...
Target Hit …

 

5 minute chart ...  "6.84 looks promising"
5 minute chart …
“6.84 looks promising”


 

 

the press is out and the Gold Bulls are only 13% bullish … the “look and feel” of Gold is that it’s “done” and in a bear market to stay … while stocks like $NFLX, $GOOG, $DIS, $NKE continue their parabolic ascent the “crowd” is pitching out and now it’s time to focus our efforts and sectors that have really been hammered.

Here’s a chart of $ABX.  6.84 sure looks promising.

Thanks for reading.

$ABX - NOTE the bullish divergence 2 years in the making
$ABX – NOTE the bullish divergence 2 years in the making

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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