AnishBadwe

AR Bouncing of Support with Strong Bullish Signs

Long
AnishBadwe Updated   
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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