xaviercromartie

xaviercromartie

Maybe I'll buy when it's back around US$14

xaviercromartie

A simple chart.

xaviercromartie

There is still plenty of room to run upside on the weekly chart, and so a purchase in the low 46s isn't a bad idea. The old gap near 44.80 is a bit worrisome though.

xaviercromartie

Perhaps ultimately on its way to 52, but it appears ready for a drop back

xaviercromartie

That's a cup and handle if I've ever seen one.

xaviercromartie

Right on the verge!

xaviercromartie

If this thing breaks out from that incredibly long term downtrend, there is nothing to stop it from going back up to 65.

xaviercromartie

This stock will be THE silver mining stock to buy at the bottom. (Silver 19.46, GDM 233.) Long recommendation is from 1.80 price, not the current 2.62.

xaviercromartie

Kinda trapped in this 35-39 spot, not sure where it's going from here.

xaviercromartie

From 7 all the way back to 130? It's possible!

xaviercromartie

If MYGN breaks out above 34 it should run to 44.

xaviercromartie

Much higher reward than risk here, isn't there? Could cut out quick on any drop.

xaviercromartie

If it clearly moves out of this downtrend, it has room to run to near 7.00.

xaviercromartie

You can short on the basis that it hit the top of the parallel uptrend channel. The inverse H&S is a bit trickier though. Looks more like a target of 47-48. That may not be fulfilled yet.

xaviercromartie

Just watching and waiting. A breakout above this established downtrend should set off massive short covering.

xaviercromartie

There might be a bounce to play short-term but I want nothing to do with this stock longer-term.

xaviercromartie

Although there is potentially money to be made by playing the 4.35-5.00 range, on a longer-term scale I would not want to be long AERL until it breaks out above 5.00 or drops down into the low 3s. The pattern forming could be a bear flag that would drop it to new lows.

xaviercromartie

The chart tells you why. Same thing in gold: 1267. Gold/silver ratio of 65.1 also matches up technically.