EGO came out on our fallen angel scan. It is a play on the gold. It has broken down from a long-term downward channel & now seems getting some upward momentum.
We think it has good upside potential from here.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Current price ($1.27)
Exit Target Criteria-...
This is getting a little top heavy right now with the RSI (5) and MACD showing signs of a short term pullback brweing. Volume has decreased the last couple of days as well which usually means buyers have started to slow down. Anything can happen tomorrow with the FED rate decision however, but ultimately gold prices need to move higher in order to reach and pass...