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How the (EGO) price action is used to our Advantage

Longer Term Trading Plans for EGO
  • Buy EGO slightly over 15.68 target 17.31 stop loss @ 15.63 Details
  • The technical summary data tells us to buy EGO near 15.68 with an upside target of 17.31. This data also tells us to set a stop loss @ 15.63 to protect against excessive loss in case the stock begins to move against the trade. 15.68 is the first level of support below 16.17 , and by rule, any test of support is a buy signal. In this case, support 15.68 is being tested, a buy signal would exist.

  • Short EGO slightly under 17.31, target 15.68, stop loss @ 17.36 Details
  • The technical summary data is suggesting a short of EGO as it gets near 17.31 with a downside target of 15.68. We should have a stop loss in place at 17.36though. 17.31 is the first level of resistance above 16.17, and by rule, any test of resistance is a short signal. In this case, if resistance 17.31 is being tested, a short signal would exist.

Swing Trading Plans for EGO
  • Buy EGO slightly over 16.41, target 17.31, Stop Loss @ 16.36 Details
  • If 16.41 begins to break higher, the technical summary data tells us to buy EGO just slightly over 16.41, with an upside target of 17.31. The data also tells us to set a stop loss @ 16.36 in case the stock turns against the trade. 16.41 is the first level of resistance above 16.17, and by rule, any break above resistance is a buy signal. In this case, 16.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short EGO slightly near 16.41, target 15.68, Stop Loss @ 16.46. Details
  • The technical summary data is suggesting a short of EGO if it tests 16.41 with a downside target of 15.68. We should have a stop loss in place at 16.46 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 16.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for EGO
  • Buy EGO slightly over 16.41, target 16.66, Stop Loss @ 16.37 Details
  • If 16.41 begins to break higher, the technical summary data tells us to buy EGO just slightly over 16.41, with an upside target of 16.66. The data also tells us to set a stop loss @ 16.37 in case the stock turns against the trade. 16.41 is the first level of resistance above 16.17, and by rule, any break above resistance is a buy signal. In this case, 16.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short EGO slightly near 16.41, target 16.1, Stop Loss @ 16.45. Details
  • The technical summary data is suggesting a short of EGO if it tests 16.41 with a downside target of 16.1. We should have a stop loss in place at 16.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 16.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Eldorado Gold Corporation (EGO) available here: EGO.

EGO Ratings for July 11:

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 14.08
P2 16.1 15.58 15.68
P3 16.66 16.41 17.31
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AI Generated Signals for EGO

EGO Long Term Analysis for July 11 2024

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Eldorado Gold Corporation (NYSE: EGO) data table below can help you with price action, and we have more details too. Trading plans for EGO are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.