Tuesday, August 22, 2006

VGZ, MNG - Charts

Technically, I like both VGZ and MNG .

Miramar Mining Corporation (AMEX: MNG),(TSE: MAE)

RSI trending up above 50, PPO trending up , PPO histogram positive. Trend line support at 3.30$ and rising, 50 DMA = pivot.. Triangle formation, resistance at 4.3$ expect a strong rally to 5.70$. and above if the stock can close above 4.30$ on decent volume.



Miramar Mining Corporation, mng chart


Vista Gold Corp. - VGZ (AMEX / TSX)

RSI trending up above 50, PPO trending up , PPO histogram natural. Trend line support at 9.50$ and rising, 50 DMA trending up, made a new long term high few days ago. Rising wedge formation – seems to break to the upside. – can quickly go to 15$ if the price of gold permits.



Vista Gold Corp., VGZ chart

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