Aside from the fact that management has totally ghosted and provided zero updates while share price has tanked... the technical setup is looking ripe for a bounce - and hopefully an actual trend reversal.
- volume increasing
- bullish falling wedge
- bullish divergence in the RSI
- encountering major support (previously resistance)
- spot gold is forming a potential bottom
Now would be the perfect time for a good-news catalyst!
It would be wise to wait for the breakout and re-test before entering a trade.
- volume increasing
- bullish falling wedge
- bullish divergence in the RSI
- encountering major support (previously resistance)
- spot gold is forming a potential bottom
Now would be the perfect time for a good-news catalyst!
It would be wise to wait for the breakout and re-test before entering a trade.