Looks 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.
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 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 target
Proper 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
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.
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I'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 !
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...
Ive 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.
BREAKOUT 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...
