ALAMOS GOLD IS BREAKING OUT - Elliott Wave Count
Updated
Check out this elliott wave count on alamos gold, combine it with the GDX gold etf analysis i made earlier and you have a perfect storm that could generate higher prices.
I would not like to see prices below the 200DMA and 100DMA anymore, bulls should managed to develop a solid uptrend from this area. The stock also gave some nice earnings results.
Dont trade without a stop.
Blessings to you.
I would not like to see prices below the 200DMA and 100DMA anymore, bulls should managed to develop a solid uptrend from this area. The stock also gave some nice earnings results.
Dont trade without a stop.
Blessings to you.
Note
If we get a dip into 7.30$ - 7.00$ it would be a great buying opportunity.50DMA, 100DMA and 200DMA are all in this area providing support.
Stops can be placed below 6.60$ or if you like to use an emergency stop it can be placed below 6$.
1st. Target would be 9$ and afterwards 10$ would be possible imho.
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