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Online Share Trading

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Long term investment in SIM

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It seems that 265c is this share's new support level and I think SIM is a great long term investment and could be profitable for any day traders for its high day-to-day volatility. What do you guys think?
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SIM is setting up a classic swing trade - my favourite type of trade. Although, almost all the gold miners are entering the same setup. One golden rule though - you absolutely must wait for confirmation of a new uptrend. (my rules are one ATR move in the opposite direction, preferably with a bullish reversal candle)
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Hmmm, it appears SIM along with other gold shares are setting up a swing trade. I looked for ATR in Standard Bank Price charts, but couldn't fine one.. do you calculate and draw up a graph by yourself? Average True Range: - Current high less than current low - the absolute value of the current high less than the previous close - the absolute value of the current low less than the previous close Am I right? I see the new resistance level is at stubborn 230. I think the candle is reversal one now, but maybe not bullish enough to confirm the uptrend.
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Anglo Gold has a beaut setup forming. You will get the same short term exposure using an ANG warrant as you will with simmers shares, this is not advice!! just an observation!
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