Monday, February 13, 2012

GSS Golden Star Resources Weekly Chart

GSS bottomed and bounced as forecasted a couple months ago; this was another gold miner that Keystone liked back in December. See if price maintains support with the 20-week MA. Price is also testing the 20-day MA (look at a daily chart) so watch them both. GSS is constructive for further upside ahead. The 20 MA under the 50 MA is bearish but since GSS appears to have based, watch for the 20 MA to move above the 50 MA in the weeks ahead signaling further bullishness.

GSS has been whipped hard the last year but the worst is over.  Watch the RSI 50% level. Price moving up thru the 20 MA resistance was a sign of strength.  Projection is sideways to sideways up moving forward for the weeks and months to come. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.

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