Here could be a nice entry point. Gold continues to rise as it possibly in the mid of wave 3 of Cycle III.
Fundamentally, the company is hugely undervalued compared to other gold producers which possibly might be attributed to Colombia. Good management execution and recent interest from semi-big houses are nice and supportive.
Fundamentally, the company is hugely undervalued compared to other gold producers which possibly might be attributed to Colombia. Good management execution and recent interest from semi-big houses are nice and supportive.
Note
And it is still not late to join the ride! Note
I don't really like choppy price action at the middle of the channel - it is quite difficult to count waves with the decent confidence, especially with low volumes. I took profit and trimmed 70% of my position.Trade closed: target reached
I decided to take remaining profit as gold prices go down and alternative count shows that an ending diagonal has been completed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.