Ventana Gold VEN (TSX) – Gold Mining Stock That Wants To Go Up

by Olivier on September 8, 2009

Going through my public list VEN.TO Ventana Gold caught my attention. I redrew the trendlines as the emerging pattern has become much easier to identify. The recent price surge that was accompanied by increasing volume looks like a bullish triangle consolidation pattern with a breakout to the upside. Keep in mind the Brazilian billionaire Eike Batista recently added more shares to his original position. In my opinion the chart’s message is unambiguous. This stock wants to go up.



Administrative note:

I am taking a 2 week break. Although I monitor the markets in the background my public list and my website will only be updated every now and then.

Listen to the charts. Only sell positions if the chart gives you a reason to exit.

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