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A Stock With Up To 200% Return

|Includes:Entree Gold Inc (EGI)

EGI stock
After a decline of 82% from the peak.
in the Primary trend the price broke through MA 5 which is a bullish signal.
MACD indicator shows a split which also signals on the beginning of an uptrend.

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The weekly trend broke MA 20 and the tight horizontal Bollinger bands hints on a possible sharp movement+divergence in the MACD indicator.

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The daily trend was supported 3 times by MA 50, broke the zero line of the MACD oscillator, broke the resistance price of $0.55.
If you start trend, the stock can fix least 1/3 of the Fibonacci which gives us a target of $ 1.63 meaning an increase of at least 180% and maybe more.

(click to enlarge)Click to enlarge

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in EGI over the next 72 hours.

Stocks: EGI