Puregold: Next stop 40.5 - 42 Pesos | Marvin Germo

Puregold: Next stop 40.5 – 42 Pesos

By: Marvin Germo | November 25, 2014

After being nearly dormant for more than 2 months, PGOLD started to move up by the end of October.  Looking at it now, it is nearly in a one month uptrend.

PGOLD Nov 26 2014

Looking at the chart above, we can see PGOLD breakout from a relatively strong selling area at 37.50.  If PGOLD stays above 37.50 we may see PGOLD move up and head up to 40.50 to around 42 Pesos per share.

However if it fails to hold 37.50 we may see PGOLD drop to 35.50 again.

I hope this chart proves useful as you trade and invest in the stock market.  My desire is to see 10 Million profitable traders and investors in the Philippines.  I beleive this can be done and I hope this article brings you closer to your dreams of financial freedom!

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*charts via chart nexus
*Pictures google search