This gold mining stock is clearly one of the best performers. RIC – Richmont Mines might very well be the Needle In the Golden Haystack. Yesterday, the miners were drowning in a sea of red. RIC was one of the very few that managed to close the day in the green. There is no need to know more. This stock is holding up like a champ. Make no mistake, you couldn’t possibly wish for more bullish behaviour. I expect the stock to build a bullish continuation flag pattern. Then a resumption of the trend leading into the pattern and a move higher towards its technical price target around the 4.00$ area.
Click on RIC chart to enlarge:
I always believe that prices move first and fundamentals come second. – Paul Tudor Jones
Twitter: https://twitter.com/Tischendorf
Investing in your education always pays. Learn how to read chart patterns like a pro! Tischendorf Letter Premium: https://members.tischendorf.com