When Fundamentals & Technicals Align: Attractive Setup In This Junior Gold Producer

My favorite trade setups are ones in which the fundamentals and technicals are beginning to align, I have found one such actionable situation in a Mexico focused gold junior.

I have written many times that I will never take a trade solely based on “fundamentals”. I need to see the chart to at a minimum understand support/resistance levels and the prevailing trend in the share price.

While I am willing to take a trade solely based on a chart setup, by far the best situations are those in which the fundamentals and chart technicals align. Just like it is so common to see surprising bad news get announced when a stock is in a chart downtrend, good things tend to happen when stocks are in uptrends.

This week, I have identified an attractive chart pattern setup in a junior gold producer that could be receiving some important news in the next couple months.