AGI trade ideas
$AGI From 3.90 to 7.71 in just a small period of time?!From 3.90 last March 13 to 7.71 today April 23, In just a small period of time the price got doubled Men!
ALAMOS GOLD INC is still passionate on the core value of their company which is "a leader in delivering shareholder value". But judging on how volatile $AGI stock prices is this year, youll never know what's coming next. Better keep an eye on this one.
AGI Long & Short ComboAlright, Boys, I would like feedback on my analysis of the potential movement of AGI.
I'll start with what caught my eye and inspired me to do a Technical Analysis. I was looking around at the market, and for some reason or another, I had this urge to check out what Gold related stocks were doing. Interestingly enough, the majority of them looked like they were forming Triangle's/Wedge's simultaneously. I'm a new trader, so I don't have enough experience under my belt to know if something like this is common within stocks of an industry or if it's an actual phenomenon. Either way, I decided to check it out.
So I whipped out the good old Stoch RSI, Volume, and Parabolic SAR to check out AGI's vitals, so to speak. The Stoch RSI was indicating that AGI barely entered the overbought zone, which, to my knowledge, means that AGI's price should fall just a tad since It wasn't too deep in the overbought zone.
However, the Parabolic SAR was telling another story. Once again, to the best of my knowledge; according to the Parabolic SAR, the price of AGI still had room to go up before reversing. On top of that, the Volume of trades AGI was experiencing for the past two weeks was a lot higher than January & February. Which could easily be attributed to COVID-19 and stumped me on which direction the price would go.
I was ready to scrap the idea when I remembered something vital.
The NFP (Non-Farmer Payroll) was coming out the next day (April 3rd)! This helped me envision what price movement AGI would potentially experience. I figured while everyone in the market is shitting bricks over the unemployment rate of the US, they will try to dump money into assets that are considered "safe" and I'm confident to say that Gold is in the top 10 list in many investors minds for that category. With that idea in mind, the conflicting Stoch RSI and Parabolic SAR indicators made a lot more sense. In my mind, I saw AGI's price increase according to the Parabolic SAR uptrend and fear from the NFP reports pushing the price high into the overbought zone, for the Stoch RSI, which in turn would push the price down past the Parabolic SAR's uptrend mark causing it to reverse into a downtrend potentially using it into somewhere in the middle or into the oversold zone.
Anyway, I'm excited to see how this plays out and feel free to comment your thoughts on this Idea! I would appreciate constructive criticism since it will help me grow as a trader.
Cheers, LDG
This is NOT trading advice! You would be a fool to follow a random idea found on the internet. Be a good human and use that big brain of yours to make decisions for yourself :)
Alamos Gold On Alert Earnings beat EPS 8c versus 6c consensus
Alamos Gold, Inc. engages in the exploration, development, mining, and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli, and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.
Alamos Gold Long into earnings
Possible long prior to earnings after the close dependent on market @ approx $6.40
Target price $7.15
Stop loss $6.15
Company profile
Alamos Gold, Inc. engages in the exploration, development, mining, and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli, and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.
TURBO THE BE J----S OUTTA YOUR GOLD TRADING CHART 2 OF 2 GOLD SMALL CAPS DO IT BIGGER ,THEY DO IT BETTER THEY ARE TRULY HUBBATASIC
GO ON HAVE SOME !
AND THEY ARE SOOOO EASY TO FIND !
Long on AGISupport @ previous earnings' candle. Approaching on last year's pivot. Might be retesting bear sell poknt or just getting back on bullish territory.
Bull@Retr. Possible trend break. Retesting the 50 REA. Bounce on the 38.2 FibR & previous earnings candle.
ALAMO GOLD has 1 leg higher to go. =====UPSIDE TARGET $8.40======
COMPANY PROFILE
Alamos Gold , Inc. engages in the exploration, development, mining, and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold , Elchanate, Kirazli, and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.
AGI rockets higher on the coattails of GOLD, BULLISH Extremely bullish setup in AGI with a breakout from Inverse H&S on very higher volume, Gold in in a breakout and AGI looks certain to extent its current breakout.
Remains bullish until The precious metal commodity markets takes a dip.
AVERAGE ANALYSTS PRICE TARGET $7.39
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO
SHORT INTEREST
COMPANY PROFILE
Alamos Gold, Inc. engages in the exploration, development, mining, and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli, and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.
Alamos Gold Inc: Profitable Gold Miner On SaleI keep a watchlist of precious metals and materials stocks that I watch as a barometer of the value of their underlying commodities as well as the market's sentiment on putting capital into safe harbor investments in times of market headwinds. Well, I've written quite a bit about this with my other articles about Kirkland Lake and Franco Nevada Corp, so see those for additional details. The technicals are nearly identical for these four precious metals companies, and AGI is profitable, doing well, beating earnings expectations, and in the process of making a solid reversal from the previous high growth tech stocks and consumer goods and industrials that the prior months were having.
Alamos Gold, time to riseLong! Due to better production performance in 2018 and the upgrade on the fields will result a better one in ‘19 combined with the incresing gold price will result better margin.
AGI - Rising Wedge Continuation PatternAGI - Rising Wedge Continuation Pattern
Entry: Over 3.82
Target 1: 4.11 - 100 MA
Target 2: 4.78 - 200 MA
Support 1: 3.59
who cares about AGI?! I DO! at least for tomorrow
Should have a lot of engery behind it like most stocks should coming this monday, should be a steep and in quick succession if the volumes there
$AGI testing $6.00 support #Sell #Short #stocks #takeprofitsAGI looks like it is on a path to $0 before $100. Weekly chart shows a declining triangle as part of an overall downtrend. This suggest the stock will breakout lower. the stock continues to test the $6.00 support. I would say if it breaks below $5.80ish it will not return to $6.00 for a long time .... if ever. Time to let this one go if you own it.
AGI: Completion Or Near Completion Of Year Long Consolidation* (Almost Identical To My Other Analysis Of ABX)
AGI has been in a sideways consolidation mode since Jul 2016.
Prices have formed converging trendlines .
There are 3 short term possibilities ahead:
(1) Minuette (e) is completed and prices will rally and breakout of the long term triangle. (As shown on chart)
(2) Minuette (c) is still forming and will a new short term low below $6.01 and above minuette (a) at $5.95. Minuette (d) and (e) and will then form to complete the triangle.
(3) Minuette (e) is still forming but finding support above Minuette (c).
The 3 possibilities all point to the eventual rally to the 2016 high of $10.41 or higher.
Critical support lies at Minuette (a) at $5.95.
A break below this level will invalidate this analysis and the upterm bias.
ALAMOS GOLD IS BREAKING OUT - Elliott Wave CountCheck 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.
OLD but GOLD ?Alamos has just broken a year old resistance. Gold price is pretty up, earnings were also better than expected. If this holds above, the stock might fly.
