djmitchb

ARE Argonaut Resources (asx)

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ASX:ARE   None
I believe we have seen a bottom in this stock. there is a large upside potential for this penny stock. after checking the rise today, I see that on volume-money flow we are at the highest level since 1999, divergence on rsi and macd have been present for some time and we see now they are rising well.

My initial target will be between .27 and .3 that is 30x or 3000% from here. based on the cycles on the daily a breakout up cycle should take around 700days or 2 years to reach (dec 2021). afterwards next targets are .44 and .7 (last ATH)

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