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BAA - Weekly ICHI break-out and trending - EARLY DAYS!

Discussion in 'PM Trading/Stocks/Technical Analysis' started by dpong, Apr 28, 2016.



  1. dpong

    dpong Gold Member Gold Chaser

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    Banro Corp (BAA) has my interest. WEEKLY Ichi chart shows it has broken out above a downtrend line that is almost 2 years old. More important for the ICHI chart is that it has broken out above the cloud. The blue line is above the red line. And the green line has a straight shot moving to the right to the current price. In other words there is no congestion between green line and price. The only technical negative is that the red line has not yet broken out of the cloud - but I will take that as a small thing for now.

    I confess I don't know much about this company, but the weekly ICHI sure has my interest.

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  2. dpong

    dpong Gold Member Gold Chaser

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    Monthly chart shows a 2012 high of $6.00 and a 2007 high of over $13.00.

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  3. dpong

    dpong Gold Member Gold Chaser

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    silverwood and Goldhedge like this.
  4. dpong

    dpong Gold Member Gold Chaser

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    OTOH, if gold goes higher it helps the bumblers the most. :hang:
     
  5. dpong

    dpong Gold Member Gold Chaser

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    The more I think about it, the more I like this story. Assuming we are in a real gold bull market, I ask myself what could be better than a company with an awful reputation (despised!) at the end of a bad bear market where miners were discounted and among discounted miners, this one is especially despised? If this is real gold bull that ends in typical mania phase, nobody will care that currently they are out of repute. They are probably doubly cheap right now. If they can only stay in business. In at 0.37 for a smallish position.
     

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