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...
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...
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...
as per request, analysis on EGO
I would wait to buy in the lower range in the box. The STOCH RSI always come down to around the 0 level before a move back higher. it seems to follow that pattern, looking back on the daily chart and see reversals happen when it bottoms out
also, the Fibonacci support levels are pretty close from the big dump previously and also...