Expecting bounce from extremely oversold weekly and daily levels. COT and seasonality also extremely in favour of a bounce. If stop breached on a daily closing basis, be prepared to catch new daily reversal on lower levels with tight stop.
One of the best gold/silver stocks based on fundamentals just made a reversal on critical support. Very underpriced stock, trading below book value. Stock is extremely oversold both on weekly and daily based on Williams%R oscilator and just made bullish daily reversal (big marubozu candlestick) on support.