@thunder54 - I don't normally comment on individual stock threads but this is one stock that I have been watching for some time.
Short term the price of gold has had the rally I have been looking for rather perfectly. This initial move has taken the leaders and mid tier golds but not many of what might be loosely called the rubbish end of the market. Actually a few specs are looking a bit better today. So keeping in mind my ideas on the actual price of gold and combining that with what I see on this chart, I think I will get to buy it at a slightly better price than today. It would balance the pattern beautifully if it did a bit more work in the 19 to 22 cent range. I could then sit back and call it a head and shoulders bottom pattern that would take it back up inititially under the resistance at 30.
I do stress that I won't be adding to any little golds until I feel a bit more positive on the actual gold price again.
AQI Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held
