EGO stock chart

EGO daily Jan 16th

EGO (Eldorado Gold Corp) has hit the first profit target for about a 7% gain (entry was on the opening gap above the downtrend line on Jan 2nd).  The charts remain constructive at this time but one should always consider booking partial or full profits and/or raising stops, depending on their unique trading plan.  My preferred target on EGO at this time is T2 (7.15) but that may likely be extended to one of the higher targets (T3-T5).

Click here to view the live chart of EGO