EGO - Long Entry Position Charts

This is a Gold miner leader

• Double Bottom pattern
• Force Index shows strong price surge supported by volume
• Goldman Sachs SEC fraud charges caused plunge on Friday 04/16/2010. However, it had quite a nice reversal day today. It opened with a gap down, but reversed it all for a victory for the bulls.
• Also note that the ADX line has made a nice surge is holding at support - this may be signalling the beginning of the next up leg