Friday, August 26, 2011 6:53:46 PM
I'm putting my rally hat on. It looks like AUMN is ready to rally to $16 or so. While the stock is in a strong downtrend there are positive signs emerging. A small bull flag has formed within a larger bear flag and RSI looks ready to break out above the 50 level. We really want to see RSI get above 50 and continue to rise. I think a quick rally up to the $16 level should start next week.
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