20-40% gain loadingStocks have become easy now that I know what to look for…
1insiders buying
2fundamentals
3 technicals that are attractive.
Galiano Gold Inc.
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Market insights
Bullish outlook, but potentional correction first!Fundamentals:
Overall the quarter result was slightly better then expected. The high gold price will also lead to higher incomes in the coming quarters.
Technical:
In the short term it is possible that the support zone at 1,59 CAD will be tested, before going to the resistance lvl at 2,58 CAD.
GAU BreakoutFriday's candle gapped up and tested 2 fibonacci levels to close in a bullish pin bar above the .61 fibonacci level just bellow the descending trend line.
With the MACD crossing and the RSI rising this is looking very bullish IMO. I'd like to see a break out of the wedge at the $1.36 level to go long for a swing trade.
$1.41, $1.66 target short term
GAU broke out of the falling wedge AMEX:GAU broke out of the falling wedge and reclaimed the 200 daily MA. The stock will target 1.64$ and the sell zone between 2.03 and 2.12$, closest stop is at 1.1$ and ideally at 1.0$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
GOOD TO PICK Galiano Gold Inc. provides mining services. It principally explores and develops gold fields. The company currently operates and manages the Asanko Gold Mine, located in Ghana , West Africa which is jointly owned with Gold Fields Ltd. Galiano Gold Inc., formerly known as Asanko Gold Inc., is based in VANCOUVER.
LETS TAKE A DEEP LOOK
They have actually just signed off on an additional $10.00m of explanation budget to deliver some additional economic ounces , great company good planning and enough cash to be able to give them the opportunity that they need .
$68.00m in cash at the end of Q2 with NO debt .
CEO McCunn Said: " I want to move myself from producing ounces to producing CASH , focusing on generate cashflow" .
Valuation :
The shares are trading at a P/E multiple of 7.24X, which is below their median of 9.86X over the past year. So the shares are undervalued.
using financial modeling to determine the fair value ( DCF EBITDA / P/E MULTIPLE / REVENUE MULTIPLE )
BEARISH CASE 1.72$
NORMAL CASE 1.86$
BULLISH CASE 2.01$
Using technical analysis ( Fibonacci Projection / EX. and ret.)
Summary NOW its a suitable entry take profit at 2.0 in short term .
GAU looking to break accumulation zone since 5/17. Target $4With the fed printing money from thin air, gold will continue to rise
GAU Bullish Price MovementNotice the BLUE line is trending upward toward the sky, I feel like this stock can triple in price very soon.
