GG, SLW, AUY, TRE - Chart Analysis
GG(NYSE)- Goldcorp Inc. G(TSE)
A-B-C correction (41.02$ – 24.06$), bounced from the 200 DMA (daily moving average), break up above downtrend resistance (orange line). Slight uptrend (green line) , RSI improving , PPO crossover , PPO histogram positive , ADX natural.
SLW(NYSE)- Silver Wheaton Corporation, SLW(TSE)
A-B-C correction (11.75 – 6.80), bounced from the 200 DMA, break up above downtrend resistance (pink line). Uptrend (green line), RSI improving above 50, PPO crossover, PPO histogram positive, ADX improving.
AUY(AMEX)- Yamana Gold Inc. YRI(TSE)
A-B-C correction (12.42 - 7.79), break up above downtrend resistance (green line). Uptrend (green line), RSI improving above 50, PPO crossover, PPO histogram positive, ADX improving.
TRE(AMEX)- Tanzanian Royalty Exploration, TNX(TSE)
A-B-C correction (9.10 – 6.09), closed above the( b) high & 61.8% Fibonacci level, at downtrend resistance (orange line). RSI above 50, PPO crossover, PPO histogram positive, ADX positive.
Labels: AUY, Elliott Wave, GG, SLW, TRE
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