ARGAs you know i am super bullish on base metals especially copper nickel and zinc. Ive owned this baby for a long time and i like the gap up here.
RE8 trade ideas
Recurring bands of Support/Resistance at play againThis is my first day on tradvingview, so I'm just exploring - but here's a chart I've been watching for a few months. I've noticed these levels (as indicated by horizontal lines) recur on ARG and we're re-entering them again now on news they had a good Q2-2020. In this view I've tried to show three potential areas for gains, especially where this is a lower price, low buy-in, low risk idea so the key will be accumulating a large enough position to make each band pay well enough to even consider playing.
The main idea here is we should see some resistance at 0.60, which if broken will leap 0.20 to 0.80, and if/when that resistance breaks, a historically significant range jump to 1.00-1.10 could be achieved quickly. With a sub-0.60 entry now, one could cash in half the position at 0.80 to recoup buy-in, and ride the rest to 1.00 comfortably.
$ARREF Amerigo Resources 35% upside Amerigo Resources Ltd. is engaged in the production and sale of copper and molybdenum concentrates. The company was founded by Klaus Zeitle on January 23, 1984 and is headquartered in Vancouver, Canada.
