Tuesday, June 21, 2011

Almaden Minerals Ltd. (AAU) Video Chart for Tuesday, June 21, 2011

AAU looks to be trying to find a bottom. The last three day’s candles have produced a bullish harami that was confirmed. While not the strongest reversal pattern known, the chart is also establishing support around $2.95. Technical traders will be watching the support and looking for signs that the indicators are going to continue to turn to support the idea of a reversal.

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