Well she closed just shy of 20c today on very solid volume. Obviously the market can see value here.
It produced an inverted hammer, which is bearish short term. Will be looking for the volume to drop off if it retraces tomorrow.
18c is now support IMO and it may touch it again before retesting 23c - 25c resistance over the next few days. If gold is up again overnight though, it could just bolt from here.
I dont expect it to fill the gap, and I think we are seeing a true breakaway gap on very very good volume.
Any other TA opinions out there? Would love to get some different angles.
AAM Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
