Equity Oracle: 08/14/14


We have traded Barrack Gold in the past with good success. The stock follows the technical signals like a charm and I see no reason why we wouldn’t see a rally above the rim of the Cup & Handle. The Cup and Handle pattern is one of the most reliable price patterns around and many traders look for them as trading opportunities. The key to success in this strategy is to make sure the breakout occurs first before you buy into the position.

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