Weekly Support Line
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Iamgold Corporation is a Canadian company that owns and operates gold mines in Burkina Faso, Suriname and Canada.
Headquartered in Toronto, the company was founded in 1990 and went public on the Toronto Stock Exchange in 1996
with additional shares being listed on the New York Stock Exchange beginning in 2005
IAMGOLD is a mid-tier gold mining company operating...
IAMGOLD is a mid-tier gold mining company operating in three regions globally: North America, South America and West Africa. Within these regions the Company is developing high potential mining districts that encompass operating mines, construction, development, and exploration projects.
Entry 'long' @ US$ 3.30
Price action has completed...
$IAG Target 4.29 for 22.22%
Or next add level is at 2.73
$IAG price moved above its 50-day Moving Average. Bullish reversal is more likely... but anything can happen. Gold is quite oversold.
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every...
Canadian based gold miner.....
Larger trend corrective bear ended July 2015
Intermediate (1) finish Sept 2017 while its wave (2) ended early March of 2020.
Minor 1 looks to have peaked August 2020 although minor 1 could be a fake out B wave as price hit 78.6 retracement of intermediate (1)
Entry: 3, 2.40
Blasting has begun at IAG's new gold mine in Canada. One of the biggest in the world. 20 year operation with exploratory drilling coming this summer.
Great cash flow on hand.
With the impending correction to BTC, gold will see a decent increase and in turn get IAG to a supported $4.00 price point.
current $3.50 calls ITM are a steal atm.
Monster pullback in motion on weekly time frame. Notice how the pullback to breakout support is conversion with 200 week MA. Watch the daily 20 MA for pullback entry trigger. This is probably one of the better gold pullback plays i was able to find.
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FDA date of approval - 18th of April
Our Strategy with this Stock :
We have here a GOLD ETF , which means you are buying stuck in multiple companies in the same time the chart shows a promising constant run up for the ETF , so here we can only use our RSI to look for great...
Based off our history we have a nice wedge pattern being developed on the 2 week.
Our main Resistance is 3.88 - 4$
Break that and we should move north out of Resistance.
No telling how high it would want to go.
We do have have a potential higher low on the bottoms.
If we broke out I think we would see a nice size push.
Could be developing one massive cup...
Discussed that NYSE:IAG may have bottomed two weeks ago. And price action in last two days on very heavy volume supports the fact that it really did.
Now it is approaching resistance zone and neckline of inverse H&S. Might rest for a while, but when resistance is cleared, nothing should stop the rally later on.
Few weeks ago I mentioned that NYSE:IAG is in good area to make a bottom, and based on recent price action, good odds that bottom is already in (for bullish case to be valid).
Major potential inverted H&S in the making and should not really go below 2.70$, where I am also placing my stop
Miners have potential to be one of top players this year, and today I am looking at chart of NYSE:IAG . Stock reached perfect targets within wave 2 corrrection based on fibo levels, and price also created bullish engulfing candle yesterday . At the same time, price may also be forming bottom within right shoulder in inverted H&S. Looks promising for low risk entry buy
Nice little bounce here in Gold & Gold Miners.
Many Gold Miners did NOT make new lows when Gold crashed over the last few days. In fact they look bullish.
Here's one showing a nice consolidation. IAG did not follow Gold up in September, but has instead built a larger inverse H&S pattern. So if Gold's bull is going this offers a good risk/reward here, with...