PGD Patagonia Gold

Just to comment on the fundamentals. Well managed UK company. Producing some gold now at a low extraction price, and main project will produce in 1-2years. Probably lowly priced because of the country risk, as Argentina nationalised one oil company. Nationalisation unlikely as important Argentinian families hold large stakes. Also takeover target at around £2 in 1-2 years. I hold and trade this at times

Just an alternative view. Its the break of the 19.50 level I am not keen on personally.

Good luck though

Hi gclark25, it closed below the 19p support yesterday, but opened above it today so be good to see where it closes. I'll cover/close my position if any confirmation of a breakdown of 19p.

Looks like it could be possibly looking to test the lower oblique trendline.

Without looking too close, it looks like it has, or is close to, breaking horizontal support on teh daily.

one to keep an eye on.

Indeed Shotry, stops don't seem to work on this one very well, maybe because of the high volatility and poor liquidity of the stock. I have committed a small long position at 19.3 so lets see how it goes.

It's failed to break it's descending trendline a number of times now so that trendline is essentially your first upside target (around 20.5 to 21ish). Might be worth waiting to see the break and possibly retest of the break before committing too much cash. The daily chart shows a big risk factor volatility where a massive spike down on July 24th would have taken out any sensible stops.