Why I Risk My Shirt on Premier Gold Resources

Premier Gold Resources stock (LSE:PGR) is a significantly bull market, resulting from the recent long term consolidation. The events that led to this kind of price action have succeeded in triggering a long term bullish signal. In this profession of speculation, prices tend to react to events and fundamentals in speedy manners.

This month, the price broke upwards from its range, resulting in a serious uptrend. The ADX is above the level 60 (very strong pressure), while the DM+ is above the DM-, signifying the bulls’ victory. The MACD (default parameters) has both its histogram and signal lines above the zero line. This is a Bullish Confirmation Pattern on the chart: the assurance of a bull market.

Conclusion: Premier Gold is in an uptrend. The uptrend would result in profits in its trail. The huge profits would be coveted by an increasing number of investors who show interest in buying the stock. However, the uptrend would not be forever. A method of being victorious is to anticipate a scenario that most so-called professional forecasters and their forecasting programs tend to ignore.

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