EGO Ready to MoveLooks like a clean Inverse H&S pattern that is about to pop. Measured move would be to 19. I am in today at $12.25. I will hold until 17-18 area if it doesn't fall below $11.50.Longby jmperulloUpdated 221
Eldorado Gold Strong Production Figures Ignite Investor Optimism In the dynamic world of gold mining, Eldorado Gold Corporation (NYSE: NYSE:EGO ) emerges as a beacon of success, reporting robust production figures for the fourth quarter of 2023 and achieving its full-year guidance. The recent announcement of preliminary gold production of 143,166 ounces in Q4 and an impressive 485,140 ounces for the entire year reflects Eldorado's commitment to operational excellence and strategic growth. This article delves into the key highlights of Eldorado's performance, analyzing its operations in Canada, Turkiye, and Greece, and explores the positive technical outlook that has investors optimistic about the stock's future. Eldorado's Production Triumphs: 1. Canada: The Lamaque Complex Sets Records - The Lamaque Complex takes the spotlight with record-breaking gold production in both the fourth quarter and the entire year. A 29% increase in Q4 production over the previous quarter is attributed to enhanced grade and mill throughput. Eldorado's success in Canada reinforces the Company's operational efficiency and resource utilization. 2. Turkiye: Kisladag and Efemcukuru Showcase Strength - Kisladag experiences a 24% surge in gold production during Q4, fueled by increased tonnes placed on the pads and improved irrigation rates. The commissioning of the North Heap Leach pad in Q3 plays a pivotal role in this growth. Meanwhile, Efemcukuru achieves record throughput rates in Q4, averaging 1,500 tpd, contributing to meeting full-year gold production targets. The completion of the mine rock storage facility positions Eldorado for more efficient waste rock and tailings management. 3. Greece: Olympias Delivers Record Annual Production - Despite a slight dip in Q4 gold production at Olympias compared to the previous quarter, the mine achieves a record annual production due to operational initiatives implemented throughout the year. Improved ventilation and increased productivity within the Flats zone, enabled by larger stope sizes and bulk mining methods, underscore Eldorado's commitment to continuous improvement. Technical Outlook and Investor Sentiment: Eldorado Gold Corporation's stock ( NYSE:EGO ) stands out in the market, trading near the top of its 52-week range and comfortably above its 200-day simple moving average. The price momentum signals a positive sentiment among investors, with the stock showing upward momentum. Investors are optimistic about Eldorado's future value, further bolstered by the Company's strong operational performance in 2023. Conclusion: Eldorado Gold Corporation's impressive gold production figures for 2023, position the Company as a compelling investment opportunity. Investors are likely to be encouraged by Eldorado's operational achievements across its key assets in Canada, Turkiye, and Greece. As the Company continues to demonstrate resilience and growth potential, Eldorado Gold shines brightly as a promising player in the gold mining sector, attracting attention and confidence from the investment community.Longby DEXWireNews1
EGO following goldEldorado gold mining co Has broken through a resistance area that has stopped it the past 3 times, dating back to june the wave previous to that had it at 14.30. That is now the targetLongby cointrustmoon10
Excited for gold miners. More classic head and shoulder patternsProper head and shoulder pattern. Several junior gold miners also display constructive price action, which is positive for this stock. Price is approaching to the neckline. But it is up several consecutive days so better wait for a small pull back before initiating a position. But overall NYSE:EGO looks great. Also check out NYSE:HMY Longby yamankavasoglu0
Eldorado Gold (EGO: NYSE)Eldorado Gold (#EGO): Impressive Q1 2023 growth with a 21% YoY production increase, reducing costs and raising realized gold prices. Production target: 475,000 to 515,000 ounces, fueling bullish sentiment. Optimistic about EGO's prospects, especially above $9.50-$9.75. Upside target at $14.00-$15.00, reflecting positive trajectory and growth potential. #EldoradoGold #PreciousMetals #InvestmentOpportunity Longby Richtv_official2
Eldorado Gold LongBuy Eldorado Gold mining. Clearly bullish.. Buy and hold the next coming years Bull or Head and Shoulders whatever :-)) Longby Kirk652
mixed signalsnot a big fan of the engulfed candle on Friday, but the big local horizontal support hasn't broken yet.Longby DollarCostAverage0
ELD Long Position - Upward ChannelELD has been trading in a channel for months. It gapped lower on an equity announcement but has started to recover.Longby shaunadam0
EDL Eldorado goldAbove the cloud. Above 3 + 1 Year moving average. Are we in Wave 3 and heading for 1.618 extension?Longby Benbarian0
ELDI've already doubled my money on this trade so posting a bull idea at a previous high is a bad idea i know... but really... i dont GAF... this stock is a long term buy ... sure it will probably pull back from here so i dont suggest to buy right now... I'm posting this to give you a heads up to look to buy a pullback here... :) Good luck !Longby etfsandstuff0
EGO The New Gold Rush After Soaring 100% In Less Than 4 Months?Eldorado Gold Corp (EGO) is a Vancouver-based gold exploration and producing company that owns and operates gold mines in Turkey, Greece and Canada. The company has developed and operated assets from several merged companies and operates five mines, including the highest producing Kişladağ gold mine in Turkey, the Efemçukuru mine in Turkey, the Lamaque mine in Quebec, Canada, the Olympias mine in Greece and the Stratoni mine in Greece. EGO is listed on TSX and NYSE. Wyckoff Spring Followed By Sign Of Strength (SOS) Rally EGO started 2022 with a Wyckoff sign of strength (SOS) rally that peaked at $12.50 on 18 April. However, the price did not follow through to the upside and instead began to show signs of weakness. The price structure turned into the Wyckoff distribution phase until mid July. A Wyckoff selling climax (SC) occurred on 14 July after hitting the low of $5.27 and this was confirmed by an automatic rally (AR) up. This led to formation of a new trading range between $5.27 and $6.67 over next few months. There were tests to the lower range as well as Wyckoff upthrust (UT). The range continued on until early November with a localized spring-like action. The price subsequently did a SOS rally and was able to break above $6.67 resistance on 10 Nov. It was the best rally thus far. More importantly, the reaction from this break out was a shallow pull back to retest the $6.67 level with low volume. This rally has the characteristics of a Wyckoff change of character (CHoC) where the accumulation phase was shifted to an uptrend. The price was able to continue with another SOS rally to test the $8.65 resistance. EGO broke above the $8.65 resistance successfully on 4 Jan 2023 was able to stay committed above this level for a few weeks. Next EGO retested the $8.76 level in Feb followed by a rally and consolidation with contraction of volatility suggesting bullish bias. The spike of volume on 17 Mar did not result in significant pull back. According to the Wyckoff effort versus result theory, this was the sign of absorption, which acted as a prompt bar to test the supply. Subsequently, the price consolidated between $9.50 and $10 until a successful breakout on 28 Mar. Bias Bullish. According to the Wyckoff method, EGO just broke out of a trading range between $9.50 and $10. There is no threatening volume to suggest the presence of supply. The price might retest the $10 axis, consolidate a little before attempting to challenge the next immediate resistance at $12.50. The tailwind from the mega accumulation structure in Gold futures could help to push EGO with more upside ahead. If the price breaks below $10, it will likely retest the support zone between $9 and $9.50 with a prolonged consolidation.Longby mingjong1
ELDIve always like Eldorado gold. I feel it just needs the right set of circumstances to really blast off. Those are being met daily now. The chart is technically solid.Longby etfsandstuff0
EGO - Ready for next leg? Good volume profile near the trendline support ++ favorable market sentiment + needs to claim and close above EMAs - by CheelooTraderUpdated 110
Eldorado Gold corpLooks good nice bottom, curious how this one plays out correct me if im wrong with the count:)Longby Mitchel_L2
#EGO - Possible break of trendlineNYSE:EGO #EGO Possible break of downward trendline Buy USD 11.32 TP USD 12.30 SL USD 10.81Longby otbglobalinvestments0
EGO Breakout Stock AlertBREAKOUT STOCK ALERT $EGO - Eldorado Gold Corporation Ordinary Shares Initial Alert Price: $12.31 Potential Price: $18.90 Potential Gains: 53.53 Stop Loss Limit: $ Looking for EGO to breakthrough the current levels of resistance around the $14.49 Levels to begin trading between those levels and $18.90 over the course of the next week or so. The stock has seen large buying volume spikes in the last few weeks and showing signs of completing a pullback while gaining momentum to the move forward beyond those $14.48 Resistance Levels. The company just announced signing amended investment agreement with the Hellenic Republic to govern the further development, construction and operation of the Skouries, Olympias and Stratoni/Mavres Petres mines and facilities in northern Greece (collectively the "Kassandra Mines"). The Agreement amends the 2004 Transfer Agreement between Hellas Gold S.A. and the Hellenic Republic, and provides a modernised legal and financial framework to allow for the advancement of Eldorado's investment in the Kassandra Mines. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #TodayLongby MyMIWallet1
EGO LongEGO Long Currently and bottom of the trading range/Major support (third test of the bottom of the range) momentum slowed down and a gap reversal formed Still in an uptrend on the weekly timeframe Has potential to break out of trading range and make new highs Longby WealthPark4
$EGO ... Long term projection for Eldorado GoldConditions for a gold and silver are ripe for a bullrun imo. Miners will be some of the biggest reapers of that bullish fruit. Money printer go brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr Longby StonkTrumpUpdated 220
$EGOEntry price : 11.89 Fundamentals : - Sector: Mining - EPS % Chg (Last Qtr): 560% - 3 Year EPS Growth Rate: 0% - EPS Est % Chg (Current Yr): 5150% - Sales % Chg (Last Qtr): 67% - 3-Year Sales Growth Rate: 30% - Annual Pre -Tax Margin: 2.4% Longby paulopicaocapeloUpdated 1