What is Happening to the Share Price of St Barbara Ltd?

This is a follow up to a posting made on 3 September 2015, which you can see here. St Barbara Ltd [ASX:SBM] is an Australian gold explorer and producer, with operations in Western Australia and Papua New Guinea.

What you should do

It would be helpful to read my previous post. But more importantly you should study the chart in my previous post and compare it to the updated one below.

What is the chart telling you now?

I personally find it helpful to bring up a chart. Here’s the daily chart of SBM updated:

St Barbara chart

Source: STEX

Note, when I profiled SBM in the previous post, I do not mention whether SBM shares are a buy, sell or otherwise. It’s simply a chart of interest and it goes into the watch list. Then we wait and let the market tell us if SBM shares are a buy.

If you do not understand this process, you simply must go here to find out more.

What now for SBM shares?

You could be expecting news to come from this company. My guess is the news may be positive in nature. Let’s wait and see.

It’s important to start to read the charts. Let them guide your investment decisions. The charts will tell you which stocks are of interest. Then the market tells you which stocks to buy. If you don’t understand this process you are at a severe investment disadvantage. Go here to find out more.
Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

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