Riding The Gravy Train: Golden Goliath Resources (GNG)

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Saturday, June 20, 2020

Golden Goliath Resources (GNG)


Golden Goliath Resources was featured in this blog in late October of 2018 when it was trading at $0.035

This week it closed at $0.09

Its chart:



The descending red line depicts a 4-year down trend, likely soon to be broken (blue circle) and the green is an up trend.

The horizontal black line shows established resistance at the key level of $0.10

We're still holding our position without a stop in mind. 

For those wishing to speculate, adding above $0.10 and if need be then selling below $0.07 should present a reasonable risk/reward ratio given the tremendous upside potential.

 


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