difficult to TA this due to small timeframe. Appears to be classic broadening wedge pattern? With at least a relief rally in junior miners and gold, more likely that this goes topside. fundamentally, lots of potential. Things I like (as a patient metals mining speculator with 3-5yr time horizon): - US jurisdiction (Nevada) - NYSE 'American' listed (what used...
Because I do. Looking for breakouts in Gold in 2022
Vox Royalty (CVE:VOX) has been down despite a constant news flow including, entering into binding agreements to purchase a 0.633% net smelter returns royalty and associated advance minimum royalty payments of over C$120,000 per annum on part of Gold Standard Ventures Corp's (CVE.GSV) Railroad-Pinion Gold Project, located on the prolific Carlin Trend in Elko...
Model has given entry signals for Arctic Star Exploration Corporation - Arctic Star Exploration Corp., a junior natural resource company, acquires, explores for, and develops mineral properties in Canada and Finland. - The company primarily explores for diamond and niobium/rare earth deposits. - Its flagship project is the Timantti diamond project covering an...
This green ascending line could be support support. If holds this green line after earnings around Nov 26, 2020 then start buying a small position. The potential head-and-shoulders mark-up reminds us that this penny stock is very risky and should be traded carefully. However, I'm overall LONG. -All the best, Carmando
AUY Rising Wedge (Bearish) with Negative divergence in Momentum (PPO) and Volume. Metals are on fire now with gold breaking inching towards all time highs. I have no long or short position at the time of posing this but watching it.
Strong accumulation, bullish MACD/RSI/Stoch action and increasing bid support point to a likely breakout coming. The company has reported high grade Zinc/Gold/Silver intercepts in recent assays. The market is yet to notice it. Just over $3M mkt cap is cheap considering the progress they have made this year.
2 possible counts. The green count seems more likely because I see 5 wave subdivisions within the larger waves. We just reached the 1:1 fib extension and if we can continue upwards through there, our chances improve that this trade continues upwards. Breakout will be confirmed if we reach $11.60
Let me be clear that until we break to new highs (~11.60) with confidence, there is risk still for one last pullback to (~8.90). However, the fundamentals are lining up for silver to go parabolic, whether that happens immediately, or the beginning of next year. My long term target is in the $20's
With divergences setting up on RSI and MACD and with gold failure to follow through on recent strength, taking profits on junior gold miners ($GDXJ) might be reasonable right now AMEX:GDXJ
GLDN:TSXV - Golden Ridge Resources: After some heavy buying this morning pushing us up to $0.195. The range $0.19 - $0.195 had a bit of history as resistance back in October from the larger down move. That said the chart is still very bullish and with Gold ripping to 5 year highs there are nice tailwinds for continuation. The 50dma is about to cross the 200dma...
ABN:TSXV - Aben Resources: Bulls stepped up, with Gold breaking out to 5 year highs, gold miner bulls, had nice tailwinds to push over resistance. Break out with volume confirmation, after pulling briefly into $0.225 support last week with declining bear volume. The chart is set up beautifully for some continuation upwards. Level 2 has limited orders up till...
This chart looks like a seasonal play, tax loss season buy with potentially some good high percentage gains. Not the most liquid name so size the position accordingly. Technically speaking looks like a trend reversal, tightening bollinger bands + a MACD cross. Would be nice to get some volume next week to confirm.
consolidating on top of 3 year support zone. fundamentals have changed from speculator to producer with potential cash flow positive occurring this year. bears tired, divergences occuring on multiple high timeframes.
An aggressive-speculative entry here could deliver amazing Risk vs Reward Opportunity.