Balmoral @long position
Updated
We will see how it unfolds. I will keep you updated.
Note
Since I opened the trade it's up about 30 %, but I'd like to say, that trading junior mining stocks is highly volatile and is not recommended for everyone...With that said we could see some consolidation ahead for Balmoral as the gold price has dropped lower and potentially could drop down to 1235ish before showing signs of a new bull run up to $1500 - $1600 again.
What does that mean for Balmoral for now. It means be aware of the current Balmoral' price range it can swing between the low of (@0.150) and high of (@0.255) for some time. How long only time will tell... I'll keep you updated...
Wish you all a great week ahead
Note
Price action spiked and I sold half my position at @0.030 and made near 35%I only sold half because I see a Motive Wave in a 5 wave structure, therefore can price action test @0.037 and @0.040 if the impulse fully develops.
But if price action turns I'll use trailing stop loss to take me out
What a lovely day... I'll keep you updated
Note
Trailing stop hit target @0.033I'v profited around 80 percent (Open: @0.018 - Close: @0.033)
I have no position in Balmoral.
Have a nice week ahead.
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