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...
EGO 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
Conditions 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
The chart has formed rounding bottom, looking to sustain the momentum and could reach 18, SL:9.5
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any...
La cosa ha estado muy mal en el espacio de las mineras las últimas semanas, pero sigo pensando que estamos en un descanso de un movimiento mayor al alza. Vamos a ver que pasa con ElDorado
Appears to be in a saucer/cup formation. Also, P/E is 12.1, P/S is 2.5, and Earnings Yield is 8.2% vs industry 21, 4.5, and 3.8%, respectively. The ROE is 2.4% and projected sales growth is 63% versus industry 0.5% and 16%. Price targets have been raised recently along with strong analyst opinions. Just wait until more money is printed by the government. This...
Eldorado Gold Corp. engages in the mining, development and exploration of gold. It has mining operations, ongoing development projects and exploration in Turkey, Canada, Greece, Brazil, Romania and Serbia. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.
NYSE
