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Alamos Gold Inc. Is a Canada-based company, which engages in the acquisition, exploration, development and extraction of precious metals. But, for me after a great fall, there exists a possibility of a strong recovery. A break over the red line could be a positive sign to buy this stock.
Most probably this stock is in the recovery stage. If it doesn't, then we can anticipate a move heretofore the death rattle. A break above the red line may expose to 127% of the fibo extension. Let us closely watch this pair and see what happens.
It had been an unstable year for miners, with metal prices starting near multi-year lows as executives drew from a common playbook. However, the stock is not yet fizzled out. A trade setup has been marked well on the chart.