SBM at beginning of new bull phaseAfter the recent sell-off, we can see that SBM bounced strongly off the 200MA. Couple this with gold entering a multi-year bull market and $3 is looking cheap.
Mining
DE GREY MINING RUN TO CONTINUE?DE GREY MINING (ASX:DEG) has just had a much needed rest. After 8 months and +3000% increase its well deserved after its Pilbara WA "Mallina" Project surpassed 2.2Moz Gold Projection. Sitting 50KM south of one of the most ideal ore exportation capitals in the Southern Hemisphere (Port Hedland WA) it's easy to see why De Greys is going from Strength to Strength, and they haven't even scratched the surface with multiple Gold anomalies yet to be fully explored.
Technicals: Area of Interest approaching...
Fib Retracement Golden Pocket Near, recently broken .382 level.
Uptrend Intact.
Has already hit Major Trend Based Fib Retracement target previously for +170%.
Healthy retrace almost complete IMO.
Ichimoku still intact and Bullish.
MACD starting to round anticipating the turn BUT not confirmed.
RSI starting to flatten having just crossed the 50.
Stochastic indicating oversold region.
Approaching MA50 looking for reaction.
Some Fundamental Highlights..
Mallina Project quickly turning into Tier 1 Project +2.2 Moz Gold Deposit.
Project location among the best in the World.
Stable Cash Runway + $28million CASH (30 June 2020) & Debt Free.
With such a rapid growth it's hard not to keep an eye on the rising star De Grey Mining, BUT I'm more interested in future projections of Gold consumption and what this means for the Sector. With global demand predicted to rise by 2.1% annually and Australia set to be the No.1 Gold Producer in 2021 it's a good sign for the Domestic players with production set to rise by 9% 2020-2021.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTA. Happy Hunting!!!
NAK Northern DynastyLeaning slightly bearish here with another low below ~.90 but could see a double bottom in and start next move. More bullish over ~1.10 and bearish under ~.97
CCJ updateNot going down towards target in an ideal manner. Could mean a deeper target or a triangle situation.
NAK Northern DynastyBullish longterm and expecting slightly more correction at this point ~.75 to ~1.
CCJ wave CLooking more likely now that we are correcting to my ~8 to ~9 target. Expecting a corrective bump up and continue down
SGN.V - Scorpio Gold looks primed for a move. Up or down?I decided to clean up the chart add a bit of context. To my eye, it looks like we have a big move ahead. Is this month's Federal Reserve meeting the catalyst for either direction? In any event, every dip in gold and miners have been bought. Let's see if the trend holds.
EBON (EBANG makes BTC Mining Hardware)EBON (EBANG makes BTC Mining Hardware)
This will go up but what puzzles me is that it's competitor has a lower price and it is still dropping - both EBANG and CAN should be the same price and the y both will climb but both are finding that price as i write this.
I am hopeful we will have a longer chart in the future with more to see.
Once the BTC price jump everyone will wonder what these mining companies do - they make mining equipment and i would think they also are mining bitcoin so they will be profitable.
RIOT dumps along with cryptoRIOT dumps along with crypto
Looks like we are going back down to the support/ resistance. I will pick up more here. The election should bring everything down until we know who won the election.
MARA knocked back down to $2 MARA knocked back down to $2
The run up to the election will crush the stock market.
but
When earnings are due it will fall back in favor.
Make sure you set ow buy orders around the $2 mark
RareX technical trade + EV hypeTA,
- Daily MACD golden cross
- Price above 120ema
- 5ema crossing 20 and 40ema
- Strong bounce off 0.059 support ( Long tail )
Entered on 10th August (bit too early). Looked like a good trade setup but macro environment weighing down on the price action on the following days.
Should have waited for confirmation. Will cut loss if it breaches 120EMA.
Exit: 0.087
SL: 0.05
RIOT looks to be falling again one last time RIOT looks to be falling again one last time before moving back up again.
No real evidence just a gut feeling - is a long walk to the next earnings report but by then it will be too late. Buy the dips as we climb higher - people will put two and two together eventually, crypto mining companies make money when BTC jumps up.
I will put in some buys from $3-$4 in 10 cent increments.
These are my trading notes I have no formal education - I am an artist who likes to draw lines.
MARA update - it bounced on the $3MARA update - it bounced on the $3
Looks like we will make the leap before September.
CCJ Cameco Corrective MoveDon't like the move off the low. Expecting a higher B move and more correction right now
RIOT About to break out RIOT About to break out.
MARA and RIOT should follow each other as BTC goes back to 20K
Hudbay Minerals: China's imports of metals are boomingHudbay Minerals (HBM) is an under-the-radar miner of a variety of metals - ranging from gold and silver to copper, zinc and molydenum. As metals prices continue to strengthen with the global economic recover, the company is ideally positioned to benefit.
Voyagert Digital - yet another low cap Crypto companyVoyagert Digital - yet another low cap Crypto company
I am a painter and i like to make these market journal entry college's with Candle stick charts, these are paintings, nothing more.
I want to hold this long but there will be some short term movement down and then up.
RIOT and MARA are also responding well to the Crypto revolution this year.
See links below.
MARA short dip before jumping higherMARA short dip before jumping higher
I try to get in and out of these quick moves or let ti ride. this thing wants to ride up for a while after a day or so of capitulation then the return to the rise followed by sort term capitulation.
I am just a painter who likes abstract shapes - my charts are noting more journal entries as paintings
Check out RIOT they are also a Crypto Mining Co.
See link below.
