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...