ELDORADO GOLD CORP NEW

EGO Triangle - Watching for a break of resistance

Since August 2014 Eldorado Gold Corp. stocks have been falling. At present, we’re seeing efforts to breach the line of this trend, which will likely be a real one. The RSI chart shows the trendline has already been breached, with a pattern of further upward movement shaping up. The upside target is the upper limit of the side trend at USD 8.50. My forecast ...

Eldorado Gold Corp. managed to immediately close the gap from October 30-31. Now the price is trying to roll back to its upper border at 6.05. If the support level formed on the border of the gap withstands testing, it makes sense to go long with the target of 6.80 - 7.60. Size of the previous spike allows us to hope that the target will be achieved soon. Rising ...

we can see a bullish divergence with a small inverted head and shoulders pattern, strong support at 5.71$. However, we need to get above the cloud for more confirmation.

massive buying by smart money were tested . ready to mark the price up .