Equinox Gold Corp is poised to deliver outsized returns on gold price appreciation after completing breakouts, and backtests, of key weekly chart resistance levels.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 4.7/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Israel conflict/geopolitical uncertainty causes short term spike in price of gold. An overwhelming victory for Israel over Hamas and the other Iran proxies will, undoubtedly, relieve these trepidations and, thusly, the price of gold. I would suspect this is being reflected in EQX's price action and expect this to result in a retest and potential rejection of our...
Equinox Gold island reversal after 5 wave corrective decline . They are actively increasing production . Great management with Ross Beaty as chair . One of my favorite gold plays .
Please provide a meaningful and detailed description of your analysis and prediction. Walk us through your thought process. Put yourself in the reader’s shoes and see if you would understand the context based on what you wrote. Clearly stated profit targets and stop loss areas help clarify any trade idea.
A cup and handle formation. Appears poised for the return...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team entered gold mining company Equinox Gold Corp $EQX today at $5.75...
Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia...
With its down trend line broken, and the crossing above the 200 MA the stock looks ready to go up.
He still has to clear 8.70 on a closing. RSI shows signs of higher lows and not falling below 40% is encouraging to say the least. Targets are 9.55 and 11.30 respectively. A closing below 8.20 will invalidate the scenario.
With the inflation report coming out showing an annualized inflation rate of 6.2% now is a good time to purchase physical gold or gold stocks like Equinox or EQX.
Sector: Materials
Industry: Metals & Mining
Company Location: Vancouver, BC
Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company primarily...
$EQX Target 9.57 for 27.94%
Or double position at 5.39
Ok, another gold one... I think this is going to be it for gold for me in this cycle. But this one popped up on my screener so why not... let's give it a try.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average....
WATCHING $EXQ for ENTRY TARGET @ 7.48
I’m practicing to nail my entries even better… if target hits I will take a position.
If there's any ticker symbol you'd like me to determine a good entry price just comment below and I'll do as many as time permits. Some days I have lots of time and other’s not so much but as I can I’ll do them (and If I have enough charts left)
I rotated out of Gold sometime in Q4 to focus on Tech and Energy.
Now, I've made decent profits. It has felt all too easy in the stock market for months now. It's time to look again at deeply undervalued plays that have been forgotten.
One of my favorites is EQX. I will look for a trip to $9 or below to accumulate and accumulate big.
Can Gold test...
Some gold miners operate synchronously.
They have been falling since the peak of August.
They are quite sensitive to movements in gold prices, maintaining a positive correlation.
They are trading below their 200 day simple moving average (undervalued signal).
Its last 2 peaks have occurred in the first week of the month, 2 months apart.
What is the...
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...
![EQX: [Watch] EQX](https://s3.tradingview.com/j/J1EUve2y_mid.png "[Watch] EQX")
