This could bew promosing. 10-12% risk for id go for atleast 50% gain, potentially more if it runs.
GORO before rising.Gold Resource Corporation(GORO) Although its name refers mainly to a gold producer, gold mining accounts for nearly 20% of total production. It is also heavily involved in the mining of industrial raw materials (zinc, silver, copper, lead). The company has no debts. It pays dividends. Let's return to the technical analysis. The two green squares...
- strong support at 2.65 tested several times in the past months - MACD bullish divergence to help break the wedge - 3 different insiders bought shares in the past 2 weeks at 2.67 - 2.85
Just personal bias I believe gold/goro will break to the upside.
Gold Resource Corp 200m mcap 1.1m silver ounce production 2020 20k gold ounce production 11m silver ounces proven and probable pays .04c annualised dividend monthly will pay dividend in actual silver or gold
Enter at break of resistance and TP at designated area or when price starts stalling / crosses 13 period ma.
The above chart shows GORO (blue) and a comparative gold mining company, since the Q2 earnings GORO has declined in price due to poor results. This was as a result of the Mexican government forcing their Oaxaca mining unit to shut down. The company returned to full production in Q3 and plans to increase gold production by 75% in 2021. The company will post solid...
GORO has reached the bottom of the channel is setup to breakout to short term resistance at 5.5 in the next week.
Gold sector incredibly hot lately. Here's a fresh breakout out of a rectangle. Smaller name, maybe more risk.
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Gold Resource Corp. is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada. It engages in the exploration, development, and production of metal concentrates and dore. Its products include gold, silver, copper, lead, and zinc. It operates through the following geographical segments: Mexico; Nevada; and Corporate Other....
Looking for resistance to become support as price approaches and potentially surges past its 200 day moving average
Stochs and Channel deviation suggests a buy here for GORO
Company Description: Gold Resource Corp. is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada. It engages in the exploration, development, and production of metal concentrates and dore. Its products include gold, silver, copper, lead, and zinc. It operates through the following geographical segments: Mexico; Nevada;...
As traders scan the equity market, they may be using Simple Moving Averages to help figure out where a stock is headed. Following some SMA levels for Gold Resource Corporation (:GORO), we can see that the 10 day is 4.54545, the 20 day is 4.440685, and the 30 day is 4.3901234 for Gold Resource Corporation (:GORO). Tracking some other time periods, we note that the...