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 .
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AMEX:AUMN
