tangman

[Update] EQX

Long
AMEX:EQX   Equinox Gold Corp
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3
EQX has resolved bullishly from my last post. It held the channel and is now making new highs.

So, naturally, I'm thinking, is it time to reduce risk and take profits?

Well, I find that the MACD is -just now- about to cross up, so a new move higher is certainly possible. I imagine the Gold breakout lends new life to the trend.

At the very least, it makes me think that a big correction is unlikely.

I am buying some here at the lows of the day, thinking of prior highs as new support. I am prepared to add more if a deeper correction does develop.