AnishBadwe

AR Bouncing of Support with Strong Bullish Signs

Long
TSX:AR   ARGONAUT GOLD INC
1. Bouncing of its Long Held Support.
2. Bullish Hammers at the lower bollinger band . Followed by higher lows the last two days.
3. Slow Stochastic is turning up for the oversold zone.

These are signs of a reversal (at least a short-term reversal).

Buy in at 2.25-2.26. Stop Loss at 2.14.
Comment: AR seems to have a hard time breaking past 2.40.
Trade active: Aiming for 2.50.
Trade closed manually: Seems to be reaching a top. Closed manually at 2.43.
A 7.5% return.

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