Piggybacking off @Badcharts amazing analysis...
Looks like precious metals might be on the move with the new passing of the stimulus. This could potentially be a nice long play...
1st Target: $1
2nd Target: $2
Beginning of Wave 5 and final wave for you to catch some profit.
Will see sluggish resistance area. If ever breakout, exit at TP1 and TP2.
Or if you are willing to hold, Fib is looking to soar to $1.29-$1.64.
I prefer to look at and use logarithmic charts because they're less dramatic but included the regular one for comparison.
The targets I put on the chart are conservative. Conceivably a $3 to $5+ stock. In the medium and long-run I think it makes new all-time highs.
Technical Analysis doesn't have to be fancy.
Simply a return to 2016 levels would net us a 350% return. Hyper-conservatively speaking, bare minimum, I see a 50-90% increase in AUMN in the near future.
If AUMN experiences a crash near previous lows, I will be buying while others are selling.
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...
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).
$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 .