$OGC - OceanaGold - Going long on the pullback.

$OGC - OceanaGold - Going long on the pullback.

Momentum moving in the right way. All the moving averages starting to diverge nicely. RSI has come down a little off the heat of the previous days and there is still some good volume there. Might come back a little over the next few days but I'll buy now its pulled back and hold for a while. Nice profitable company so should ride out any short term volatility. Stop losses in though in case of a turnaround.

I also like that it has spent some time above the $5 resistance mark, so looking for it to cross that again and start to use it as a base to build.

If the China / US Trade conversations dont go well Gold might bounce, and if they do, can't hurt too much to hold until Trumps next Tweet :)

OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company's segments are New Zealand, the Philippines, the United States and All other segments. The Company's assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines. On the north island of New Zealand, the Company operates the high-grade Waihi Gold Mine. On the south island of New Zealand, the Company operates the gold mine in the country at the Macraes Goldfield, which is made up of a series of open pit mines and the Frasers underground mine. In the United States, the Company is constructing the Haile Gold Mine, an asset located in South Carolina along the Carolina Slate Belt.

코멘트:

Didnt rally. Stops are in at 4.589 to give it a little room if it break below 4.60

코멘트:

Still holding but it is taking a while to decide which way it is going. Looks like there might be a bit of an upwards rally starting to build.

코멘트:

Exited out today on a stop loss. Will wait until upward movement resumes but for now there are better stocks with more momentum to move funds to.