GUYANA GOLDFIELDS INC market indecision
A variation of the dragon fly doji has formed. Since this doji is formed after a multi week sell off it could point to a reversal.
Also look at the increased amount of volume on the doji.
So here we have an indication that the week started with a strong sell off however the bulls fought back and pushed the price back to 0.02CAD above the doji's open.
RSI has not been this low since 2012, pointing to a oversold stock.
On the 16th of july the market dropped, this was because trucks they had ordered to transport gold had a delay. There is nothing wrong with the mine itself and the gold is still there. This could be a opportunity to buy at a discount.
Now I'm personally bullish on gold to and this would obviously work in our favour here.
Also look at the increased amount of volume on the doji.
So here we have an indication that the week started with a strong sell off however the bulls fought back and pushed the price back to 0.02CAD above the doji's open.
RSI has not been this low since 2012, pointing to a oversold stock.
On the 16th of july the market dropped, this was because trucks they had ordered to transport gold had a delay. There is nothing wrong with the mine itself and the gold is still there. This could be a opportunity to buy at a discount.
Now I'm personally bullish on gold to and this would obviously work in our favour here.
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