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...
Wonder if the 21MA and 200MA will cross in this critical moment of time we are in now and if EGO still has the boom it had in 2008-2010...
Some significant divergence? Have people realised this yet? Where do we go from here?
This is probably one of the most promissing value trades in the gold mining theme right now - despite the beat in production and gold prices, short term pressure is driven by the Greek-Turkey escalations. No impact expected on production - keep buying this spread.
Idea is sell 50% at top of channel about 18.50. Buy back targets are 12.50 and 9.10 Then expect moon. :)
$EGO trading in s descending triangle, watch for a breakout.
Good morning traders, today we will cover EGO, a massive gold mining company. EGO let out some big news during a massive week throughout earnings pumping a massive 50%. Not only did EGO release some fantastic news but it just so happened to be after a major breakout which hasn't been tested since 2010. Another impact that should be accounted for is the...
Ego with a Strong move out of the ascending triangle after a earnings surprise. Gold is looking like an excellent hedge here against the spreading corona virus and slowdown of economic growth. EGO has a heavier position with me due to its smaller share structure, a lot of these miners have really high share counts and wanted to be better positioned in one that...
Originally, we had thought that this would be a breakdown in price but in reality, turned out to be a proper descending wedge. We expecting this and other competent miners to surge in price as Gold CFDs have clearly broken the $1600 resistance with conviction. Expect consolidation and onwards to $12-15.
Think this one has potential for a decent move if GOLD remains strong here.
After a 97% drop from 2012 highs any gains now are still minuscule in that context, so don't think it can't continue higher. Alert set for cross above 200ma (blue line) Fibonacci upside targets highlighted. GLD looks set to move much higher , this may be the start of a new cycle. Company earnings highlights - Source seeking alpha Eldorado Gold (NYSE:EGO)...
With gold rapidly increasing and more production at eld we can see gold stocks like eld,bto,yri,abx hitting new 52 week highs. When I long my charts these holdings are a minimum of 6-12 months. My outlook for fiat currencies like the cad and the euro are negative. Economies are in contraction and no the USA is not booming. The only thing booming is the debt load...
Has been range-bound the past several months in the $7-$8 range. Looks like a big move is going to happen. Perhaps in line with the retest of $1600 spot Gold price.
Entry level on breakout $8.50 possibly Target price $9.95 to fill gap. Stop loss $8.10 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...
It was #2 of the top 4 best gold stocks to watch over the last 52-weeks. But compared to #1, which I wrote about on another board, I think the progress it has shown makes it stand out right now. Increased production, big potential reserves, etc. Something to keep in mind especially if the turmoil continues. "RBC Capital recently initiated coverage on the gold...