ANV stock chart

ANV resumes trading

ANV (Allied Nevada Gold) has finally opened for trading with the stock gapping up to just shy of the first target (T1) level.  Apparently, Allied Nevada has responded to the buyout offer from China Gold Stone and has questioned the credibility of the offer (click here to view the report from MarketWatch).  Regardless of what does or does not happen with this questionable buyout offer, the chart of ANV remains very constructive and my profit targets remain as previously shown.  I have also updated the live chart of ANV to list the specific suggested target levels along with the actual resistance levels where a reversal is expected.  Suggested profit targets on RSOTC.com (T1, T2, etc…) are typically placed just shy of the actual resistance level to help increase the odds of missing a fill, should the stock reverse just shy of resistance.