AOP and many other juniors with a resource have seen more targeted selling than others. Most down 40-60% and in this context, AOP holding up well.
The reason I put the short term chart up previously is they have a minimum target price of 55.5c and therefore do not expect a buy signal to appear on my trading chart that resets the target. At less than $50 an oz and heaps of cash, this stock should continue to hold up.
Here is my trading chart.
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Here is the short term chart and currently has a potential double bottom if it reverses from here.
DB's on this chart often signify a major change in direction so I would expect the reversal to take out the falling trend.
I do not know why the junior sector is going in the opposite direction to POG.
I suspect once certain resistance levels in POG are taken out, juniors will run hard.
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