ARGO Corp (ARGHF)

[foxi]

Well this took an interesting turn, some guy came in for 500 shares at .93 and somebody else pushed it to .97 for like 200 shares. Tiiiiiiinnnny volume but then other investors added more.

Look at RSI, fractals and AwesomeOscillator on the hourly. This is positioned for an entry signal per that strategy I talked about here. If I'm investing using that strategy + the hourly chart, I'm entering at any candle that closes above the red line on alligator and watching for breakout above the nearest upside fractal at 1.20 to confirm, mental stop loss at the green line around .94

Price is far below the 200-hour moving average, so it's not as good as a trade in a stock with healthy growth, but the idea is that if there's a breakout there'll be a temporary momentum swing that'll create a row of green ticks on Awesome Oscillator for at least a few hours since the chart is 'reset' to ticks near the AO zeroline and narrow fractals.

There's no guarantee how long a run would last and I'd have to do another analysis to figure out the profit targets based on the trading that's happened. Will save the work until an actual breakout. Volume before price, bears/diluters could just be out to lunch, lol.

GLTA


PS: Give this a read, and go make a 30 minute chart with the MACD study! Do you see a divergence? :) https://excellenceassured.com/8252/macd-bullish-bearish-divergence-price