Amerigo Resources Ltd T.ARG

From Trading Central this morning.

[savyinvestor333]

20

 

Intermediate-Term Bullish

Volume	557,133
Close Price	1.31
Target Price	1.46 - 1.50
Pattern Duration	29 days
Inbound Trend Duration	25 days

Tells Me: The recent broadening action tells us that trading has been out of control, but a breakout on the upside suggests we're starting a more decisive uptrend.

With its broadening price swings, the Megaphone represents a market that's unstable and out of control. It typically consists of two successively higher highs between three lower lows, and the reversal signal occurs when the price breaks up above the second peak (the highest high) as a sign of a more decisive bullish move.

[goldens]

It is only a matter of time till we hit new 52 week highs in my opinion. Copper prices will hold  above $4. Looking forward to the financials and higher prices. Dividends will be coming. GLTA

[sclarda]

goldens wrote It is only a matter of time till we hit new 52 week highs in my opinion. Copper prices will hold  above $4. Looking forward to the financials and higher prices. Dividends will be coming. GLTA ---------------------------------- Yes it is just a matter of time before the market notices the long suffering ARG is suddenly doing quite well. At the end of June they had  $53