ALMONTY INDUSTRIES INC (ALMTF)
Updated
ALMTF has been trending in a very reassuring shape since July 2020 between the 2 think black non-horizontal lines. We might be on the newer $0.5252 horizontal trend line since the start of this year. Volumes are low, so it remains to be seen how well, and for how long we test this line. We might well fall back to $0.50. On the positive side, though, I think we are headed to $0.57 by the end of the month. There is not much news about Tungsten of late, but Almonty is indeed one of the largest producers of Tungsten outside China and, given the EV mania, it might only be a matter of time before Tungsten is made a mention of on CNBC.
Trade closed: target reached
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