looks like you and i have a similar strategy
this is now at a price where i get interested
thinking to start averaging in again later today or tomorrow
i would really like a little spike now to test the channel support and confirm the strategy i have had in place here for weeks (to wait for 1.65)
otherwise, i will be buying anyway
events in january as i see them:
1. confirmation of plant opening
2. confirmation of inital planning for expansion of capacity
3. initial planting surveys in us confirm switch to corn production by us farmers - confirms head and shoulders pattern on corn futures which start
their decline in to the spring and summer
4. bounce in sp to 2.25 (my guess on the game in the header) and then to 2.50-2.60, 200 dma)
edit:
the chart shows early indications of bottoming
a. not far from bottom of channel
b. rsi almost at min, wants to turn
c. low volume
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Gtl Resources stock charts
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