Everyone has been asking me for a lower priced pick, after my alert on CMSI last week went from $0.18 to a high of $1.10 in just 3 days!! The lower price picks have a potential for bigger gains.
So here it is, AGCZ in particular is trading at a support level and a low. A few months ago ACGZ bounced off the current levels and rallied up roughly 200%!!
View the chart here: http://img245.imageshack.us/img245/2772/agczchart.gif
AGCZ made a slight move up on Friday, could it be setting up for another big move off the support level? Make sure you are keep a close eye on this one.
This could be the most basic of trading strategies, support and resistance.
AGCZ is in the gold business, and everyone knows by now that gold hit a new high earlier this week.
The difference between AGCZ and other mining companies is that AGCZ is currently producing gold while other companies are only exploring!
Their operations are in full swing and they just announced phase 2 for their tailing operations, phase 1 profit was $300K.
"This tailings operation is an ongoing and profitable part of the company's strategic plans in addition to the companies regular production," stated Alex Diaz, President of Andes Gold. In addition, "The company is proceeding with its Phase II tailings production on a daily basis with its Chilean Mills processing 40 tonnes of product daily," further stated Mr. Diaz.
Start your research on AGCZ fast, this may bounce and it could happen as soon as tomorrow. Research at: http://www.andesgold-ir.com Always do your research and consult with your own financial professional.
1 comment:
I have been watching your blog lately, a little skeptical at first, but I watched AGCZ jump 20% as you said early today. Good stuff. I am a young college investor who has been trading for several years now. I am very interested in the science/research involved in investing...any tips you could provide would be greatly appreciated, and keep up with the weekly picks like AGCZ!
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