Wednesday, July 05, 2006

Vista Gold Corp.- VGZ (AMEX / TSX)

bubble_watcher mentioned Vista Gold few days ago:

Vista Gold Corp.- VGZ (AMEX / TSX)
- based in Littleton, Colorado, evaluates and acquires gold projects with defined gold resources. Additional exploration and technical studies are undertaken to maximize the value of the projects for eventual development. The Corporation's holdings include the Maverick Springs, Mountain View, Hasbrouck, Three Hills, Wildcat projects, the F.W. Lewis, Inc. properties and the Hycroft mine, all in Nevada, the Long Valley project in California, the Yellow Pine project in Idaho, the Paredones Amarillos and Guadalupe de Los Reyes projects in Mexico, the Amayapampa project in Bolivia, the Awak Mas project in Indonesia and the Mt. Todd project in Australia.

From the long term quarterly chart we can learn that Vista Gold was once 300$ stock (discounting 20:1 reverse split).

 Vista Gold long term chart

The 3 years weekly chart shows an Impressive rally (2.76$ - 9.99$) then a pullback to the 38.2% Fib line. RSI trending up , PPO trending up and PPO histogram still positive. The pullback did not damaged the bullish indicators.

Vista Gold weekly chart

Short term daily chart – A-B-C correction (9.99$ - 6.99$), (C>A), break up above the 50 DMA and the orange downtrend resistance. Currently trading above all relevant fib lines. RSI looking good and trending up, PPO trending up above zero, PPO histogram positive, ADX bullish. Not much resistance other then the 9.99$ high

VGZ daily chart

Labels: , ,


Blogger bubble_watcher said...

New high today, and I agree, the charts look very bullish. Plus, it looks like the stock has been under massive accumulation since 2002.

Wednesday, July 12, 2006 12:03:00 PM  

Post a Comment

<< Home