AAU - ALMADEN MINERALS FORECASTAAU gave a 'back up the truck' buy signal here. I personally took a position at 0.42 cent. Stoploss below white line, profits at colored lines above green line.
AAU might be a bit of a speculation given the news they're slated to take on a rather lucrative project. But the fib has given us a tradable pattern. I'm very bullish on commodities at the moment so I like plays like this one and Lithium mining companies. With that said THIS IS NOT TRADING ADVICE. DO NOT BLINDLY FOLLOW THIS TRADE.
AAU
Angold Resources (AAU): Potential for big upsideOn the 1 day chart for Angold Resources you can see that my super guppy indicator has turned from Red/Orange to grey which indicates incoming volatility and a bounce in price. You can see that the fast EMA's are starting to converge and crossover with the slow EMA's which indicates a bullish reversal may be occurring. When looking at the 1 week chart we can also see a strong signal from our GMMA oscillator. In addition to this we are also starting to see the same convergence and crossover of our fast EMA's and slow EMA's on our 1 week chart that has formed on our 1 day chart. All this indicates a bullish reversal could be underway which would bring some really nice upside.
AAU - ARE WE ABOUT TO START A 5TH WAVE?Almaden Minerals Ltd. is exploration- and development-stage company and is engaged in the exploration and development of exploration and evaluation properties in Canada, the United States and Mexico. The Company is engaged in the business of the acquisition of mineral properties. Its principal property interest includes the Tuligtic Property/Project-Mexico. It has interest in ATW Resources Ltd. (ATW) that holds title in trust for the ATW project. It holds an interest in the Logan property located in the Yukon Territory, Canada. It has approximately two subsidiaries, including Puebla Holdings Inc., which is a holding company and Minera Gorrion, S.A. de C.V., which is an exploration company. Its Ixtaca deposit, the epithermal gold-silver target within the Tuligtic Property, is located approximately eight kilometers northwest of the town of San Francisco Ixtacamaxtitlan. The Company has not generated any revenues from its operations.
SHORT INTEREST
1.63M 07/15/19
P/E Current
-30.94
P/E Ratio (with extraordinary items)
-31.55
Average Recommendation: HOLD
Average Target Price: 1.10
