ELD trade ideas
EGO trend reversal, looks very bearishEGOs run seems to be over for now, it had produced a continuation gap (bearish candlesticks), but that alone isn't enough to make a confirmation. After today with the 10% drop on shelf offering news.. it formed a bearish engulfing candle. Bearish engulfing also alone by itself is not enough to say bearish also.. so you look for volume confirmation. It seems we have that Double up those two candlestick patterns, along with gold making a pullback after breaking 1500... seems bearish too me. Trimmed position yesterday and will most likely close positions totally, or buy some short term puts. News seems to be coming with Skouries permit, so if that drops soon then its game on again. GLTA
EGO on the 15minEarnings out with CC at 11:30am... Australia is rallying hard with gold miners and gold is up big overnight. Earnings were decent but nothing crazy. Hoping for Greek mine updates this morning and we should be off the the races again
bollinger band gave me a buy signal....
upper band 8.32
middle 8.05
lower band 7.78
look at those for pivots or gaining/losing strength
goodluck !!!!!
EGO Looks like it wants to run againIn my previous post, I was bearish on EGO and bought a few puts thinking it was ready to turnover agan. Now watching it after it cooled off and has been; making higher lows the past few days, not breaking the trend line.. I am cautiously bullish. Looks ready for a push into the 8's. I bought some near ITM calls to grab some profit from the next push. More volume would be nice. If not, then the OTM puts will make up for the loss due to the hard pullbacks EGO seems to have. Just letting the trade ride at this point. GLTA
time to short EGO?Looking for exhaustion on the EGO run from 3's. Volume is declining and approaching OPEX..
support around 6.80s then maybe look around the 6.00 area for support. finding support is tough on these kinda runs.
GLTA
EGO bull flag expecting a nice reboundEGO has nice bull flag and expecting a rebound the beginning of this April.
About to squeeze to $8-12 first then second leg $20-30Nguyen Squeeze Indicator shows this stock is about to squeeze. RSI also strong. Go all in now and stay for $8-12 first leg, then $20-30 second leg.
This is why you should BUY. Look at the swing!This is why you should BUY. Look at the swing!
What is better than gold now?
Support in resistance Support is at .72 and falling, a close below there and my next support is at .52 First resistance is at .82 second upper rail of falling wedge at .90.
target for Ego the target is supported by the back test of the mid line of the projected fork, bottom rail of falling wedge, finish of 5th wave,
Inflection point .20 break Ego has a small inverse HS pointing at 1.15 area hit the neck line and has been selling off with decreasing volume. Base line at .90 conversion .91 Vwrap .92 on the daily.The only problem is it is EGO.
ELDORADO GOLD! EGOGold is cheap and needs a rebound. Moses Malone kinda type. Don't have a position here, but watching the magic.
inverse head and shouldersGood momentum here, could run fast, watch for high volume on breakout. initial PT 1.46
EGO-Daily - Under $5 StocksIt seems that EGO finished its correction and going to start a new rally.
The best Set Up would be a Buy Stop above the point marked with RED ARROW + 1 tik.
In the meantime, if a poll back happens, and price increased, the signal is more valuable.
Very tiny stop loss and very pleasant risk-reward ratio!
In God We Trust.
EGO - Fallen angel formation long from $1.27 to $1.63EGO came out on our fallen angel scan. It is a play on the gold. It has broken down from a long-term downward channel & now seems getting some upward momentum.
We think it has good upside potential from here.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Current price ($1.27)
Exit Target Criteria- $1.63
Stop Loss Criteria- $1.07
Indicator Notes- Good money flow accumulation
Special Note- Very strong Financial Ratios
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Eldorado Gold Corp:: Contrarian Play Of The DayP/E 128
P/BV 0,4
P/S 3,69
Book Value per Shareq: 4,89$
TOTAL CASH: 800M
TOTALDEBT : 592M
Greece to grant permits for Eldorado Gold's Olympias project this week - minister
finance.yahoo.com
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