'GOLDIAM' ready to boom like 'GOLD' !!!We all have witnessed the bombastic rally of Gold & Silver, now it seems that companies
that are engaged in business related to gold & silver are going to buzz.
Let's have a detailed overview of the stock in prominent timeframes.
Daily Timeframe: -
Goldiam has shown a breakout from a right-angled broadening wedge pattern which
was under construction for the last 4 months.
Thunder Volumes supports the breakout. Also, there is an RSI breakout which indicates the strength
of the stock.
All moving averages were been converged, and now slowly 20DEMA is diverging and crossing above all
important moving averages this indicates that the stock has finished the choppiness and is ready for a fresh move.
Weekly Timeframe: -
Goldiam is breaking from a time-long consolidation phase after base building formation.
Record Volumes this week indicate strong interest in market participants.
RSI is also given a breakout from a channel and now sustaining above 60 which confirms the strength.
My Observation: The only thing to ponder is the Daily RSI is at 79, and Goldiam has shown a continuous move of almost 20% in the last 4 days, so I must suggest
to deploy 50% position now and wait to cool off i.e. accumulate around 155-150 which is the breakout level.
