[EGO] gold update

Back in 2018 and for the first time on the legacy blog, I provided the chart model below regarding EGO (El Dorado Gold).



The chart below is current actual.  As you can see, the stock reverse split 1 for 4 since then but the chart shape is still easy to recognize.  The red vertical marks the exact date of my post.  So I did not catch the exact bottom but damned close.  If you had bought when my model suggested you would have experienced a 5 bagger into the recent peak.  But the party is not over yet because that peak was 1 or A and the pullback since then has been corrective, not motive.  So we are looking at 2 or B bottoming very soon here.  And the next wave up will be even stronger than the first one.



Zooming in, I would like to see a throw under of the falling wedge which then does a rapid reversal up to the $14 level very quickly.    Yes, I am talking about another double from the coming bottom likely to happen before the summer gets too hot.  There is no way anyone should have been able to predict this move based on the fundamentals of EGO which, to be honest, kind of suck.  But nobody ever knows what fundamentals will actually matter to the movement of share prices so the chart is always our best predictor of future moves.