$92e This is not a bullish chart BUT....
Its a Uranium Explorer, which makes its extremely volatile and prone to huge price movements just like back in August 2021 it moved 430 % in 5 weeks. Explosive,
At the moment 2021 Yearly OPEN and the 2022 Yearly low are CAPPING the price action. This level has acted as an S/R level 6 times on the weekly TF and is being respected greatly. SO we have to take notice.
What's interesting to me is the volume has picked up greatly since July 23 once that Key level broke. I think this is starting a capitulation phase and the question you need to ask yourself is. Who is on the opposite side of the selling pressure under this level.
Im personally looking to accumulate a small position in this under this key level, and More if it breaks above the "breakout" line marked on the chart.
But like before it may just go and go hard and not give the opportunity to ape in on the breakout.
This thing is extremely risky so if all gets lost well so be it. Prudent risk management is key and to not oversize.
Explorer
KESSSELRUN RESOURCES - H 4 -Nov 2021Kesselrun Resources is a Thunder Bay, Ontario-based mineral exploration company focused on growth through property acquisitions and discoveries. Kesselrun's management team possesses strong geological and exploration expertise in Northwest Ontario
Great Entry Point for $SVE / $SLVRFSilver One is a very bullish play at this particular time **NOV-21
Multiple headline exploration news aimed towards year end for the Rich Gold / Silver - Copper Cherokee project.
Surface sampling along the Cherokee vein system has returned multiple select surface samples in the 100's g/t silver range, with highs of 954 g/t silver and 4.8% copper at Cherokee, and 1,163 g/t silver and 4.3% copper with strongly elevated gold on the Southeast Cherokee vein (Figure 1 and August 6, 2020 and July 19, 2018 Company news releases).
Silver One Resources is a very leveraged Silver play, the expected returns of this Junior in relation to Silver are as follows:
$22 Silver -> ~0.35
$24 Silver -> ~0.50
$28 Silver -> ~0.80
$35 Silver -> ~1.40
$45 Silver -> ~3.50
$70 Silver -> ~6.00-7.00
Standard Uranium: Uranium Explorer in the Athabasca Basin This company has begun its drilling in a uranium rich region in northern Saskatchewan Canada. The neighbouring explorers found Uranium on the same geological structures. These companies stocks went up 10-20X after releasing the discovery. Uranium is in hot demand right now on the lowlow. Life changing money here if they get good results.
Fosterville South Exploration - A +450% IPO in less than 30 daysWhat an IPO, what a run!
The tight share structure of the company (25% of the company is owned by the Management and founders) sent the stock to $4.6 today.
After the incredible Kirkland Lake story, the Fosterville region is more than ever keeping its reputation of creating lots of money.
What about value? Is this stock interesting from a fundamental standpoint? The answer is "I don't know", the lack of information on the company and especially on its structure does not yet, make it a sure bet for the long term.
ALY Bullish Descending Wedge, Assays due = large BO?MMAR beginning to compress, which signals a large movement is due - signals are going green for an upward jump. RSI in the oversold territory confirms this. The lab gold assays to be returned within a 1-2 week range. A large BO should occur.
BLK Bearish Ascending Wedge Confirmation of Downward Trend Ascending Wedge shape (light blue) formed, which may indicate a continuation of the overall bearish Descending Wedge trend. MMAR struggling to contain the bear, even when RSI is oversold. Unless new's is released to change sentiment down she will go.
