LODE a junior miner gold penny stock LODE being a penny stock with high volatility is well positioned at the bottom of its
range for an uptrend on the 2H chart to respond to the recent moves in spot gold and
gold futures. Gold is increasingly in play due to macroeconomic uncertainties including
the debt crisis, probabilities of a serious recession and the challenges cyptocurrencies
are making to fait currencies. Globally, central banks are accumulating gold bullion.
This stock has a potential upside of about 30% based on analysis of the chart with supply/
demand zones per the Luxalgo indicator. I will take a long trade now.
LODE
GLD Gold ETF Pullback for EntryGLD has been trending up and the chart shows that volume is increased in April / May as
compared with March and is about relatively 2X. GLD is now priced at its all time high.
On the trendline drawn, GLD is rising at a rate of approximately 5% monthly. Gold prices are
reacting to economic uncertainties and the dollar value having its challenges.
Today, price is down 1-2 % dropping towards the bottom of the Bollinger Bands providing
a good long trade entry. Stop loss is one dollar below the bottom band while targets are
at + 5% + 15% and +30% as a long duration swing trade expecting rising gold prices for at least
six months. See also my idea on XAUSUD / Cup and Handle
LODEComstock Mining Inc (NYSEAMERICAN:LODE) remains one to watch. I think this stock will explode if positive news hits the wires. Investors are waiting for some kind of partnership with Tesla in Nevada (LiNiCo is located next to the Tesla gigafactory). From a technical standpoint, it is showing signs of bottoming out on the charts along with the MACD giving positive signals
$LODE rise of the silver surfer*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been analyzing $LODE for the past couple months. We're long on silver this summer due to the US dollar continuing to weaken. We opened a long position in $LODE on 7/6/21 at $3.36 per share.
Today my team is increasing our $LODE positions at $3.12 per share.
Our first take profit remains $6.50.
FIRST ENTRY: $3.36
2ND ENTRY: $3.12
TAKE PROFIT: $6.50
STOP LOSS: $2.60
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$LODE silver surfing*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been analyzing $LODE for the past couple months. We're long on silver this summer due to the US dollar continuing to weaken. We opened a long position in $LODE today at $3.36 per share.
Our first take profit is $6.50.
FIRST ENTRY: $3.36
TAKE PROFIT: $6.50
STOP LOSS: $2.85
If you want to see more, please like and follow us @SimplyShowMeTheMoney
First Higher High Since 2011. (LODE)I will be trying to get a fill around 65 cents as that is the high of the previous impulse in this massive downward channel.
As of now it looks as it could be a double bottom with strong buys from the 30 cents range.
I am attacking at the top of the channel and this can be a risky move. Comstock announced positive income for second quarter which is a bonus.
If broke 65 cents than I would look to play at the lows around 30 cents for a long term hold.
A breakout of this channel would be a strong sign.