EGO Long Currently and bottom of the trading range/Major support (third test of the bottom of the range) momentum slowed down and a gap reversal formed Still in an uptrend on the weekly timeframe Has potential to break out of trading range and make new highs
Conditions for a gold and silver are ripe for a bullrun imo. Miners will be some of the biggest reapers of that bullish fruit. Money printer go brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
Entry price : 11.89 Fundamentals : - Sector: Mining - EPS % Chg (Last Qtr): 560% - 3 Year EPS Growth Rate: 0% - EPS Est % Chg (Current Yr): 5150% - Sales % Chg (Last Qtr): 67% - 3-Year Sales Growth Rate: 30% - Annual Pre -Tax Margin: 2.4%
The chart has formed rounding bottom, looking to sustain the momentum and could reach 18, SL:9.5 Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any...
Appears 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...
Like long in and above box to upper targets. Can also wait for pull back long from lower targets.
Support @ 200 SMA Round number 8 38% Fibo Historical support and resistance since Nov 2019 Reversal HSH pattern in hourly chart
Had it not been for the disruption, ELD had just broken out from it's shake out down trend.
as 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...