AQG 4.81% $10.09 alacer gold corp.

Context: Gold mining company (not a purely exploration i.e....

  1. 672 Posts.
    Context: Gold mining company (not a purely exploration i.e. speculative play), long term downtrend which hit $2 mid 2013, and has formed a flat base at this price and testing $3.50 numerous times since. Recently formed a tighter consolidation between $3 and $3.70, and very suspicious pre-market volume taking place pretty much every single day in the past week - my charts have missed this volume due to it's off-market nature; was this perfectly planned by the counter parties? See market depth snapshots below.

    Charts: The tight range after the move up resembles a bull flag/widening wedge/cup&handle, and currently it is sitting at a very clear, strong level and round number $3 and has bounced off this level at least 5 times in the past year.

    AQG.JPG AQG w.JPG
    Depth snapshots: Every single day from 17th October, including today.
    AQG 17 10 2016.JPG
    AQG 18 10 2016.JPG
    AQG 19 10 2016.JPG
    AQG 20 10 2016.JPG
    AQG 21 10 2016.JPG
    AQG 24 10 2016.JPG

    Thanks all

    Feel free to comment or share any info.

    Cheers
 
watchlist Created with Sketch. Add AQG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.