GC yes was a pretty basic chart, I cannot see any cup and handle pattern on any chart. The 3 indicators that I follow mainly just followed the share price OBV RSI and ACC/Dist, therefore not really much to see in them.
Indicators are usually laggers so do not really show much, they are good for range trading thats about it. AAM is at approx the 50% Fib retrace of the overall run which is not a bad thing.
I would be surprised to see it drop to the 62% retrace yet stranger things have happened. I did expect 50% fib price area to get hit however expected a bounce which has not occured as yet.
As for where trend is going the Primary up trend remains in tact, but currently in a pretty harsh secondary down trend.
AAM Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
