EGO will be added as an Active Long Trade here around 7.39 as this gold mining stock is breaking above the downtrend line as shown on this 4-hour period chart. First target (T1) is 7.90, second target (T2) is 9.20 and a suggested stop below 7.08.
On a side note, the recent extreme volatility in gold & silver stocks has recently moderated somewhat as many of these stocks, such as EGO, have been consolidating. This recent consolidation may or may not prove to be a basing process, from which these stock might launch a new uptrend. However, these recent consolidation ranges might also be longer-term bearish continuation patterns. Either way, (upside or downside breakout), the volatility is likely to pick up again so make sure to adjust your position size commensurate with your risk tolerance and trading objectives, should you decide to take this or any other mining stock trade idea.