ELD trade ideas
EGO OpinionAppears to be in a saucer/cup formation. Also, P/E is 12.1, P/S is 2.5, and Earnings Yield is 8.2% vs industry 21, 4.5, and 3.8%, respectively. The ROE is 2.4% and projected sales growth is 63% versus industry 0.5% and 16%. Price targets have been raised recently along with strong analyst opinions. Just wait until more money is printed by the government. This is my analysis, and I do not recommend buying or selling this stock.
EGO on watchLike long in and above box to upper targets. Can also wait for pull back long from lower targets.
Big Support here , Good RRRSupport @ 200 SMA
Round number 8
38% Fibo
Historical support and resistance since Nov 2019
Reversal HSH pattern in hourly chart
Eldorado BreakoutHad it not been for the disruption, ELD had just broken out from it's shake out down trend.
waiting on the ego dipas per request, analysis on EGO
I would wait to buy in the lower range in the box. The STOCH RSI always come down to around the 0 level before a move back higher. it seems to follow that pattern, looking back on the daily chart and see reversals happen when it bottoms out
also, the Fibonacci support levels are pretty close from the big dump previously and also the current downtrend. I would buy chunks of it on the way down but i think buying around 7.00 or high 6's would be a good bet for another swing trade higher.
Gold Miner. Long Descending Channel Wonder if the 21MA and 200MA will cross in this critical moment of time we are in now and if EGO still has the boom it had in 2008-2010...
Eldorado Gold LongThis is probably one of the most promissing value trades in the gold mining theme right now - despite the beat in production and gold prices, short term pressure is driven by the Greek-Turkey escalations. No impact expected on production - keep buying this spread.
ELD gold miner bullish for one more leg, then healthy pull backIdea is sell 50% at top of channel about 18.50.
Buy back targets are 12.50 and 9.10
Then expect moon.
:)
Most Exciting News For EGO in a DECADEGood morning traders, today we will cover EGO, a massive gold mining company. EGO let out some big news during a massive week throughout earnings pumping a massive 50%. Not only did EGO release some fantastic news but it just so happened to be after a major breakout which hasn't been tested since 2010. Another impact that should be accounted for is the Coronavirus. As Coronavirus scares grow, economic despair follows.
On a side note, EGO just released some pretty big news about their mine Kisladag. Eldorado NYSE:EGO claims they have a plan for a 35% gold production increase.
Average Volume: 2.20 million shs
Current Volume: 20.22 million shs
Eldorado says completed long-cycle heap leach testwork indicates increased heap leach life of mine recovery at Kisladag to ~56% and extends mine life by 15 years through 2034.
On an unadjusted basis, Q4 net earnings swung to a $91.2 M profit, mainly attributable to the net $85.2M Kisladag impairment reversal, compared with a $218.2M loss in the year-ago quarter.
My Opinion?
10.09 Breakout = Moon
Friday we saw EGO touch over $10 a share after-hours, will we wake up to a bag next week?
As always
EGO $EGO Eldorado Gold 158M Shares O/S - Strong 32% Ego with a Strong move out of the ascending triangle after a earnings surprise. Gold is looking like an excellent hedge here against the spreading corona virus and slowdown of economic growth. EGO has a heavier position with me due to its smaller share structure, a lot of these miners have really high share counts and wanted to be better positioned in one that could move strong on some serious momentum. Another notable mention I Like is HMY Harmony Gold a strong position there aswell. Stocks are overvalued and I don't see any better place to be than gold... Please drop a like and follow guys feel free to reach out in my message box Aswell. Goodluck. Long $12 Calls.
Was a proper descending wedge all along. Breakout!Originally, we had thought that this would be a breakdown in price but in reality, turned out to be a proper descending wedge. We expecting this and other competent miners to surge in price as Gold CFDs have clearly broken the $1600 resistance with conviction. Expect consolidation and onwards to $12-15.
Eldorado Gold still a buy
After a 97% drop from 2012 highs any gains now are still minuscule in that context, so don't think it can't continue higher.
Alert set for cross above 200ma (blue line)
Fibonacci upside targets highlighted.
GLD looks set to move much higher , this may be the start of a new cycle.
Company earnings highlights - Source seeking alpha
Eldorado Gold (NYSE:EGO) +8.2% pre-market after narrowly missing Q4 earnings expectations while revenues more than doubled to $192M, and announces a mine life extension for its Kisladag mine in Turkey.
Eldorado says completed long-cycle heap leach testwork indicates increased heap leach life of mine recovery at Kisladag to ~56% and extends mine life by 15 years through 2034.
On an unadjusted basis, Q4 net earnings swung to a $91.2 M profit, mainly attributable to the net $85.2M Kisladag impairment reversal, compared with a $218.2M loss in the year-ago quarter.
Eldorado says 118.9K oz. of gold production in Q4 was the highest quarterly result in nearly four years, and all-in sustaining costs fell to $1,110/oz. from $1,200/oz. sold in the prior-year period.
For the full year, gold production rose 13% Y/Y to 395,331 oz., the company's highest result in three years, at AISC of $1,033/oz. from $994/oz. sold for 2018.
For 2020, the company sets gold production guidance at 520K-550K oz., a 35% Y/Y increase at the midpoint, at AISC of $850-$950/oz. sold.
Eld long With gold rapidly increasing and more production at eld we can see gold stocks like eld,bto,yri,abx hitting new 52 week highs. When I long my charts these holdings are a minimum of 6-12 months. My outlook for fiat currencies like the cad and the euro are negative. Economies are in contraction and no the USA is not booming. The only thing booming is the debt load and the “inflation tax”. In my opinion hold hard assets like gold silver platinum and palladium but hedge your assets with gold stocks. Free free to
Message me I have a lot of intel on the markets
Falling wedge. Poised for a huge move shortly.Has been range-bound the past several months in the $7-$8 range. Looks like a big move is going to happen. Perhaps in line with the retest of $1600 spot Gold price.
Eldorado Gold on breakout alertEntry level on breakout $8.50 possibly
Target price $9.95 to fill gap.
Stop loss $8.10
Eldorado Gold Corp. engages in the mining, development and exploration of gold. It has mining operations, ongoing development projects and exploration in Turkey, Canada, Greece, Brazil, Romania and Serbia. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.
