IAMGold just reported record production and earnings, but the stock sold off. Why? They reduced guidance at their mine in Burkina Faso due to a mechanical shutdown for three weeks. I own IAG and see this as a sale to buy more shares for the future.
Look at the below chart, I see $24-25 in a measured move in its future. Two choices for me, buy again above today's high, and/or wait for a swing low to form at a lower price. I'll probably opt for the latter.