Long

Is $CGLD ready for its next leg up targeting $20?

By benjihyam

Updated

Entry at $5.27. Target $20. Stop @ $4.15. Almost 4x upside.

Let's see how it plays out over the coming days/weeks.

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Stop now moved up to $5.68 to exit in profit if the market were to turn down.

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Back in at $6.32 on the reclaim of the 50% retracement

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Next stop a retest of the highs -- let's see if it breaks. If it does, then targets still on the table.

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I was stopped out on this trade. Will reassess over the coming week(s)

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Reentered trade again at $6.70... let's see what happens. Looking like it wants $7.38 next. If it can break that then $8.03, $8.50, and above that there's a clean path to $20+

benjihyam

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