PGD Patagonia Gold

Positive divergence on both daily and weekly on PGD. Stocks low, crossing and looking to rise. Can move very fast this one 10-15% moves, could also break long term downtrend that it has been in for last 18 months.

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It's failed to break it's descending trendline a number of times now so that trendline is essentially your first upside target (around 20.5 to 21ish). Might be worth waiting to see the break and possibly retest of the break before committing too much cash. The daily chart shows a big risk factor volatility where a massive spike down on July 24th would have taken out any sensible stops.

Indeed Shotry, stops don't seem to work on this one very well, maybe because of the high volatility and poor liquidity of the stock. I have committed a small long position at 19.3 so lets see how it goes.

Looks like it could be possibly looking to test the lower oblique trendline.

Without looking too close, it looks like it has, or is close to, breaking horizontal support on teh daily.

one to keep an eye on.

Hi gclark25, it closed below the 19p support yesterday, but opened above it today so be good to see where it closes. I'll cover/close my position if any confirmation of a breakdown of 19p.

Just an alternative view. Its the break of the 19.50 level I am not keen on personally.

Good luck though