EGLD has been on a downtrend and has retraced to $112 from the $545 peak. Now it is forming what we call the converging Elliot wave which usually happens at the end of a trend.
As you can see in the chart it has respected the line and it is heading toward $190.
The Stochastic RSI confirms this hence bullish.
Place you buy around $150 - 155 and set your stop loss at $120 for mid-long term.
As you can see in the chart it has respected the line and it is heading toward $190.
The Stochastic RSI confirms this hence bullish.
Place you buy around $150 - 155 and set your stop loss at $120 for mid-long term.