AU has run a bit already. We called it come time ago when it broke out of the range, so this post serves a little like an update.
We think AU reaches $26.
If you missed the breakout, it might be difficult chasing the stock here. You cold put a 2-day low trailing stop loss on if you wanted to get in now and still have a favourable risk-reward.
As is the case with Barrick Gold, AU has not run nearly as hard as it should have given the Gold price and it has a lot of catching up to do.
So even if you are late to the party here, we think there is still good money to be made.
We think AU reaches $26.
If you missed the breakout, it might be difficult chasing the stock here. You cold put a 2-day low trailing stop loss on if you wanted to get in now and still have a favourable risk-reward.
As is the case with Barrick Gold, AU has not run nearly as hard as it should have given the Gold price and it has a lot of catching up to do.
So even if you are late to the party here, we think there is still good money to be made.
Note
This chart compares the stock price to the Gold price. You can see the massive gap. 
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herenya.co.za/hca-trading/
herenya.co.za/hca-trading/
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.
Most ideas posted here are generated within our client community. Open your account and join our team to get the inside track on our trade ideas.
herenya.co.za/hca-trading/
herenya.co.za/hca-trading/
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.