I noticed that the stock Argonaut Gold followed double bottom pattern and a change in long term down trend to uptrend . Targets may be a double in longer term. This may be one of the life long opportunity to invest in it. I hope this will help to learn or find a double bottom pattern for the profit making trend analysis. All the best
Argonaut Gold completed major C wave down , started a new impulse move up , and is now correcting in bull flag fashion . This one is beaten into the dirt but i am really liking the fact that production is humming along especially on the gold side and they are in the process of opening a new gold mine in Ontario which is set to be their main production source going...
Due to funding the "Magino Project", $500M in financing, AR is trading in the pennies. The "Magino Project", is now fully funded, and 70% complete. I performed an asset valuation on AR's mineral reserves and mineral resources proven and probable data, the results were..
303,000,000.00/tonnes * .71/grade / 31.1034768(gram-ounce conversion) = 6,916,590.109308937/oz...
1. Bouncing of its Long Held Support.
2. Bullish Hammers at the lower bollinger band. Followed by higher lows the last two days.
3. Slow Stochastic is turning up for the oversold zone.
These are signs of a reversal (at least a short-term reversal).
Buy in at 2.25-2.26. Stop Loss at 2.14.
