AGQ was a long trade idea from March 15th at $55.51
The initial idea of the trade is short term, but as I mentioned, we'll take whatever the market gives.
So far AGQ is having a decent day.
AGQ daily and trade idea at green arrow. Several pm miners were looking good as well around the same time for at least a short term move up.
The large volume we often see at reversals on a 15 min chart and AGQ at some resistance right here.
Here's this morning's move thus far, it's obviously hitting resistance, we'll see if it pulls back a little to take a shot at it.
The 30 min 3C and long term TSV both are positive here, so I'm thinking this is at least a swing trade.
Here's the 2 min short term 3C showing a positive divergence, I suspect this is the "stock up of shares" for the move we are seeing starting today.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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