Equity Oracle: 02/07/13


Last week I put an alert out to buy PPH on the breakout but we never got a close above $43 so it’s best to abandon that trade and put our money into something that has better odds of a rally. As you can see from the chart, above, Barrick Gold has recently formed back-to-back engulfing patterns. This, along with the price gap above the market, gives is a good chance to make money on the upside. I’ve held a long position in gold for a while now but this is one that could give us a nice return in a short period of time.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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