It seems that EGO finished its correction and going to start a new rally.
The best Set Up would be a Buy Stop above the point marked with RED ARROW + 1 tik.
In the meantime, if a poll back happens, and price increased, the signal is more valuable.
Very tiny stop loss and very pleasant risk-reward ratio!
In God We Trust.
EGO came out on our fallen angel scan. It is a play on the gold. It has broken down from a long-term downward channel & now seems getting some upward momentum.
We think it has good upside potential from here.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Current price ($1.27)
Exit Target Criteria-...
P/E 128
P/BV 0,4
P/S 3,69
Book Value per Shareq: 4,89$
TOTAL CASH: 800M
TOTALDEBT : 592M
Greece to grant permits for Eldorado Gold's Olympias project this week - minister
finance.yahoo.com
When investing inside the stable market of primary resources like Water, Electricity and Gas. Their bigger well know companies that start of small with extreme potential of growing more mature along the market. Risk-taking has become confidential but unsure of the outcome of assets to lose and invest. However, investing into small stock symbols this could bring...
This is getting a little top heavy right now with the RSI (5) and MACD showing signs of a short term pullback brweing. Volume has decreased the last couple of days as well which usually means buyers have started to slow down. Anything can happen tomorrow with the FED rate decision however, but ultimately gold prices need to move higher in order to reach and pass...
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...
