Getting ready for another breakout?

Welcome To the Gold Bullion Development Corp. HUB On AGORACOM

So far in 2015, three trenches have been completed in the area covering the smallest proposed pit located furthest west with channel sampling from the middle trench, TR15-11, returning 6.05 g/t Au over 8 m including 14.98 g/t Au over 3 m.

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CGB

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Getting ready for another breakout?

posted on Oct 27, 2010 12:01AM

For you penny players out there, I've re-added Gold Bullion on my watch list as this is another one that has been posting higher lows with resistance at $0.59 (red line on chart). I don't think its quite ready to go yet so I've set an alert in QuoteTracker to 'buzz' me when it hits $0.59. A move above that would signal a good entry point with the initial target being $0.64 for gains of 8.4%, followed by $0.70 for gains of 18.6%. The down side stop should be the raising trend line which is now at $0.56 for a potential loss of 5% but still giving me a risk/reward ratio of 3.6:1, so within limits for me. Don't forget, wait for the confirmation of the breakout.