Still waiting for launch in the 3rd. Solid (1)-(2), 1-2 set up. Below 0.48 I get concerned. This is a very risky choice; below 1.00 here. Mind you position size and respect what could be a low volume spike down, possibly stopping out what could otherwise be an exciting trade.
Shares of basic material companies are surprisingly surging up after several days of down consolidation. Companies such as Alamos Gold Inc., Golden Minerals Company, B2Gold Corp, Fortuna Silver Mines Inc. and Gold Fields Limited are performing extremely bullish for the last two sessions during which two vital bullish candle patterns have been formed: engulfing...
AUMN is in uptrend on 4h but it's in the middle of a bearish divergence. Looking at previous bearish divergence do you see any similarities? Selling the breakout seems a good idea.
Golden Minerals Co, like TGD, has high consolidations and appears to be breaking out in the heart of a 3rd of 3. See embedded Stoch RSI and strong MACD. A rough roadmap is shown on the chart (remember, I use log scale).
Gold went up in price and probably catalyzed this jump
Have not looked into much of the fundamentals but if it has
survived this long then I'm alright with technicals alone
$AUMN has been moving up for the past couple weeks after reaching the down-trend support line. With no news behind this big move I feel like this one will fade just as fast.
Not to forget it is currently stopped at the 200MA and down-trend resistance.
This company is realy good for swing traders who are buying at support in the oversold area of RSI and sale at
the resistant at the overbought area . best luck .
Golden Minerals Company is a mining company. The Company owns the Velardena and Chicago precious metals mining properties and associated oxide and sulfide processing plants (the Velardena Properties) in the State of Durango, Mexico, the El Quevar advanced exploration property in the province of Salta, Argentina, and a diversified portfolio of precious metals and other mineral exploration properties located primarily in Mexico. Its two segments include its Velardena Properties in Mexico and non-revenue producing activities, including exploration, construction and general and administrative activities. It focuses on evaluating and searching for mining opportunities in North America (including Mexico) with high precious metal grades with near term prospects of mining, and particularly properties within haulage distances of its Velardena Properties, which may include the Santa Maria Mine, the Santa Rosa vein or the Rodeo property.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
AUMN
