Golden MInerals Company on bI-weekly log chart looks great. Huge base and breakout above key reistance technicals.
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Golden Minerlas Company ($AUMN) This is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on advancing its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico, Nevada and Argentina. The following is not investment advice, but simply captures my personal observations: The market...
Simply a return to 2016 levels would net us a 350% return. Hyper-conservatively speaking, bare minimum, I see a 50-90% increase in AUMN in the near future. If AUMN experiences a crash near previous lows, I will be buying while others are selling.
see notes below-follow money management on juniors and stops
Still waiting for launch in the 3rd. Solid (1)-(2), 1-2 set up. Below 0.48 I get concerned. This is a very risky choice; below 1.00 here. Mind you position size and respect what could be a low volume spike down, possibly stopping out what could otherwise be an exciting trade.
See related ideas on trading Elliott Waves for suggestion on how to manage a long trade here. Stop below .50, or at least alert to reconsider...
Shares of basic material companies are surprisingly surging up after several days of down consolidation. Companies such as Alamos Gold Inc., Golden Minerals Company, B2Gold Corp, Fortuna Silver Mines Inc. and Gold Fields Limited are performing extremely bullish for the last two sessions during which two vital bullish candle patterns have been formed: engulfing...
AUMN is in uptrend on 4h but it's in the middle of a bearish divergence. Looking at previous bearish divergence do you see any similarities? Selling the breakout seems a good idea.
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Golden Minerals Co, like TGD, has high consolidations and appears to be breaking out in the heart of a 3rd of 3. See embedded Stoch RSI and strong MACD. A rough roadmap is shown on the chart (remember, I use log scale).
Gold went up in price and probably catalyzed this jump Have not looked into much of the fundamentals but if it has survived this long then I'm alright with technicals alone
$AUMN has been moving up for the past couple weeks after reaching the down-trend support line . With no news behind this big move I feel like this one will fade just as fast. Not to forget it is currently stopped at the 200MA and down-trend resistance .
appears to have broken out of long term channel.can it test the near term channel as well?