ECU Technical Analysis

In a previous post, I listed ECU as one my recommended Junior precious metal miners. Let's perform a technical analysis review for ECU.

Now let's take a look at a daily chart:

The daily chart is at a decision point. ECU is trying to gold the breakout with the gap up from a week ago. ECU needs to follow through. We'll know shortly ... now let's take a look at a weekly chart:

Look at how nice the Fibonacci fan lines worked. I'll dedicate a post to Fibonacci fan lines and arcs in the near future. The weekly chart is at a decision point, and here too ECU looks good here too. Finally, let's take a look at the big picture:

ECU found support at .50, and it held. Looks good.

Recommendation: BUY BUY BUY 

Junior Gold Miner Recommendations

Following up on earlier post where we saw the Junior Gold Miners are leading, I will recommend some of my favorite Junior Gold miners. NOTE: These are buy and hold recommendations. Buy and hold is the easy way to build wealth during a secular bull market.  There are other investment strategies, and I'll discuss them in future posts.

ECU

Great Panther

MDN

Metanor

Rusoro

Starcore

Vista Gold