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ELDORADO GOLD CORPEE

ELDORADO GOLD CORP

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ELD trade ideas

EGO: Best US-Listed Gold Stock To Watch In 2020?It was #2 of the top 4 best gold stocks to watch over the last 52-weeks. But compared to #1, which I wrote about on another board, I think the progress it has shown makes it stand out right now. Increased production, big potential reserves, etc. Something to keep in mind especially if the turmoil continues. "RBC Capital recently initiated coverage on the gold stock. The firm rated it at “Underperform” and set a $6.50 price target. In November Eldorad updated its reserve and resources statement. This showed total proven and probable reserves of 384 million tons at 1.32 grams per ton of gold, containing 16.4 million ounces. Inferred resources at its combined properties – Perama Hill and Perama South – also increased by just under 760,000 ounces of gold." Source: What Are The Best Gold Stocks? 4 Names To Know Right Now
NYSE:EGO
by PennyStocks101
EGO trend reversal, looks very bearishEGOs run seems to be over for now, it had produced a continuation gap (bearish candlesticks), but that alone isn't enough to make a confirmation. After today with the 10% drop on shelf offering news.. it formed a bearish engulfing candle. Bearish engulfing also alone by itself is not enough to say bearish also.. so you look for volume confirmation. It seems we have that Double up those two candlestick patterns, along with gold making a pullback after breaking 1500... seems bearish too me. Trimmed position yesterday and will most likely close positions totally, or buy some short term puts. News seems to be coming with Skouries permit, so if that drops soon then its game on again. GLTA
NShort
by JackOfAllTrades0
2
EGO Looks like it wants to run againIn my previous post, I was bearish on EGO and bought a few puts thinking it was ready to turnover agan. Now watching it after it cooled off and has been; making higher lows the past few days, not breaking the trend line.. I am cautiously bullish. Looks ready for a push into the 8's. I bought some near ITM calls to grab some profit from the next push. More volume would be nice. If not, then the OTM puts will make up for the loss due to the hard pullbacks EGO seems to have. Just letting the trade ride at this point. GLTA
NLong
by JackOfAllTrades0
EGO - Fallen angel formation long from $1.27 to $1.63EGO came out on our fallen angel scan. It is a play on the gold. It has broken down from a long-term downward channel & now seems getting some upward momentum. We think it has good upside potential from here. * Trade Criteria * Date First Found- December 13, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Current price ($1.27) Exit Target Criteria- $1.63 Stop Loss Criteria- $1.07 Indicator Notes- Good money flow accumulation Special Note- Very strong Financial Ratios Please check back for Trade updates. (Note: Trade update is little delayed here.)
NLong
by AcornWealthCorp
Short-Term and Long-term investment When investing inside the stable market of primary resources like Water, Electricity and Gas. Their bigger well know companies that start of small with extreme potential of growing more mature along the market. Risk-taking has become confidential but unsure of the outcome of assets to lose and invest. However, investing into small stock symbols this could bring 150-180% in profitability and allows the stock market to breathe under the tough finances of business.
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by sheiklouison