TechNerdOmar

Equinox Gold setting base for an upward move

Long
AMEX:EQX   Equinox Gold Corp
I believe Equinox Gold is valued much higher than current stock price, but I'm only following technical analysis here. This trend line has held for 18 months, and the swing gives indication for the volume of the coming upward momentum. I chose 1.382 of the previous swing to determine my target. I'm not confident about the target. I think time analysis will prove better method here. Also, the momentum for a launch upwards has not shown yet. I'm assuming it's going to be in a few weeks. So I'll be updating this as we go along.
Trade active: This looks promising.
Comment: Well, it went back down to the trend line. We'll wait for the next signal

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