EQX trade ideas
[Long] EQXI have EQX backtesting a nice cup breakout and therefore not very overbought at all.
I like this one because it has very high insider ownership.
Relative to Gold, I see it under-performing inside a bull flag. I think it plays catch up when it's ready to.
[Update] EQXEQX has resolved bullishly from my last post. It held the channel and is now making new highs.
So, naturally, I'm thinking, is it time to reduce risk and take profits?
Well, I find that the MACD is -just now- about to cross up, so a new move higher is certainly possible. I imagine the Gold breakout lends new life to the trend.
At the very least, it makes me think that a big correction is unlikely.
I am buying some here at the lows of the day, thinking of prior highs as new support. I am prepared to add more if a deeper correction does develop.
EQUINOX GOLD CORPNo price discovery yet. but i would add from $10 - $8 for a long.
could be a good long term value gold miner.
Also a acquisition candidate for major gold miners
[Long] EQXEquinox is one of my favorite Gold miners.
Today it held the bottom of a pretty long channel quite well. Broadly, the Gold sector is holding up strongly.
There is still risk if the DXY wants to bounce off its extreme oversold condition, and that could send stocks and Gold into a correction.
But I posted GDX to show that this name is small enough (and undervalued enough) to move independently of the sector at large. During the last pullback / consolidation, EQX still trended higher strongly.
EQX and AU...Gold Finger Pointing UpEQX Found that this stock is on a decent run and has recently hit it's high. Looking at the MA's, this stock is riding the 5 with the 5/20 expanding (bullish). Supported by the MACD still rising and the RSI just short of overbought, but within the threshold. EQX is one of the better in the mining sector, but I've added AU as a close second as far as value. You can see AU running along with EQX. I will be watching both for confirmation of new highs and will enter as that signals.
[Long] Equinox This week just broke upward on BIG volume against a long term uptrend. The CEO is determined to make this one of the largest gold miners.
Equinox and Liberty Gold were both mentioned as 'no-brainer' investments by Marin Katusa. Now available for free. (www.youtube.com)
