Is It Finally the Time for Golden Minerals?Golden Minerals ( AMEX:AUMN ) is showing potential for a continued strong move upward, especially if it continues to hold above the key declining support level (currently around $0.21), where it recently bounced from. If buyers can maintain this momentum, we could see the stock climb toward the $0.35 resistance level. As volume starts to increase and momentum indicators begin to improve, this creates a favorable setup for traders. The risk-to-reward looks promising, and if AMEX:AUMN breaks through the $0.35 mark, it could spark a bigger rally. For those watching technical signals, this stock is definitely worth keeping on the radar.
I've been stopped out of this trade twice already, which forced me to reassess my arc placement and rethink my approach (as you can see from my previous attempts to play the risk/reward). Declining support levels are never fun, so I have my stop loss placed at the low of the recent wick.
Not financial advice! Good luck!
