$USAU just broke the downtrend lineNASDAQ:USAU wedge pattern just broke this morning. Downtrend line broken, set up for a bull run. Gold prices continue to climb - definitely one to keep an eye on.
USAU trade ideas
USAU Gold Penny Stock with impeding EarningsUSAU has been in an ascending channel on the 30-minute chart with the rise in spot and future
gold prices. With earnings coming in the next day, price broke out of the channel the top line
of which is now supported albeit without a retest. The relative volume indicator shows
in 3-4X volume surge in the past week while the RSI level is now up from 50 to 75-80.
I see this as an earnings play with a stop loss just below the upper channel line at 3.75 and
a target of 4.5 and 4.75 for a good reward-to-risk ratio. This is a quick swing trade earnings
play to compliment my much larger long-duration swing trade in GDXJ. While an expected
earnings beat is probably baked into the price I am betting that the beat will be significant and
will keep price momentum intact.
$USAU double bottom chartWe look to be testing a double bottom sub $4.50. Watch for the downtrend line to be broken for confirmation of a reversal.
USAU 125% then declineU.S. Gold Corp. is an U.S. focused gold exploration company. The company has a portfolio of exploration properties. Copper King, now the CK Gold Project, is located in Southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, which was completed by Mine Development Associates. Keystone and Maggie Creek are exploration properties on the Cortez and Carlin Trends in Nevada. The Challis Gold Project is located in Idaho. The company was founded in 1967 and is headquartered in Elko, NV.
Beginning of new Wave. Enter near support line. Healthy uptrend momentum within channel. End of Wave 5 A-B-C and should be the beginning of new wave.
Enter at support trend line until $11.70. First resistance zone $11.97-$12.59. If ever breakout, we are looking a nice Profit Target below $16.00.
USAU: Ascending triangle, confirmedAscending triangle, Confirmed
Pros
Descending Volume + Spike at break out
PPS above 50MA and 200MA
Ascending ATR on break out
RS SPX above 0 and ascending
250RSI well above 50
Cons
Descending 200MA
Resistance above, becomming targets
PT1= 16,68
Bonus PT2 = 19,15$
Bonus PT3 = 22,35$
$USAU Tiny float in hot gold marketThis one just broke out of symmetrical and ascending triangles. Very tiny float and will run in this hot gold market. This morning is very busy for me. Lots of things to trade. Have a list of things that I could enter right now but with this one I am done. Must collect something somewhere :) Good luck
USAU INVEST NOWU S GOLD CORP IS IN THE Precious Metals. THIS STOCK IS @ $7.22 IT IS UP OVER 103% FOR THE DAY. STOCK ANALYST
ARE PREDICTING THIS STOCK TO GO TO $27. RIGHT NOW IT'S FOLLOWING THE SAME PATTERN IT DID AFTER THE FINANCIAL CRISIS IN 2008.
USAU - Trend In TACT DESPITE MARKET DROPU.S. Gold Corp., formerly Dataram Corporation, is a United States focused gold exploration and development company. The Company operates projects in Nevada and Wyoming. The Company’s projects include Keystone, Gold Gold Bar North and Copper King. Keystone is located on the prolific Cortez Gold Trend mineral trends. Gold Bar North is a gold exploration property located in Eureka County, Nevada. Copper King project is an advanced-stage gold and copper exploration and development project located in southeast Wyoming, 20 miles west of Cheyenne.
Average Recommendation: BUY
Average Target Price: 2.3
P/E Current
-2.41
P/E Ratio (with extraordinary items)
-2.59
SHORT INTEREST
596.19K 07/15/19
USAU gold stock Crazy LowBack down to the lows. May go lower as gold drops more.
Will moon as gold rises.
Triangle BreakoutIf it countinues to play nicely, then Buy D Breakout, stop below A. We have Clear air above 3.33 So start trailing if we get up there.
