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ASX:SYR ready to play in the bullish club? 🧨🚨😀🚨ASX:SYR, has lost the enthusiasm of investors since the plunge from the 6$ levels. Everyone was thinking it is a dying stock. It dropped to the abyss towards 0.150$ during the Covid crash in March 2020. But is it time to reboot this dinosaur and prepare the entry for a multi-bagger potential speculation? Lets dive deep and analyze. ASX:SYR has not been on my radars for quite a while as it was in a clear downtrend, but for the last 9 months, it seems to prepare for a well known bullish structure. that is none other than the Cup and Handle structure. This structure is inherently bullish and I am waiting to see it playing out before I open any long term position on this stock. With current situation, this Cup and Handle would be playing out if the price was to break the 1.30$ levels but remember this can only be confirmed if the breakout volume is good enough and if the price stays above the 1.3$ levels. For now, I am keeping this stock on my observation list and see what it does in next few weeks. From other Indicators point of view: Weekly PSAR says we are in a bull trend. We are above 21 Weekly EMA, which is a good sign as well. RSI is in overbought territory which worries me a little bit. The stock is near its 52 weeks high this a sign of strength. This stock is over 140% above its 200MA this is over extended and entering requires to be very careful and play well with the SL. I will keep an eye on this stock and will update you when I find anything interesting or if the structure is invalidated. Lately I have not been sharing charts and some of you asked me what happened but I am gathering great structure that potentially can lead to juicy profits. Also I am waiting to see the clear direction of the major indexes as of now we seem to be in a choppy zone and that is not a great place to be trading. it is a place to strategize. Stay safe and if you like this TA, smash the likes and share it with your friends. XTF
ASX:SYR
by xtf_ze_trader
Swing Trade: Barrick Gold Corp.(GOLD) breakout setup 📈Hi fellows, just one of my today swingtrades: Nice setup for breakout . ------------------------Trade setup --------------------------- Entry: 24,80 Stop Loss: 23,83 Profit target: 27.73 Time stop: 5 days ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
NYSE:GOLDLong
by Tomasgei
4
MARA - Significant Level Here - Watch for reactionMARA - Significant Level Here - Watch for reaction I hodl shares from 2.27, shaved 20% off at 12.05 to lock in gains. Playing options as well. Just sold 19MAR21 20 @3.20/ BOT 15JAN 21 7 P @.05. Will keep playing add/subtract for the foreseeable future. MARA @.786fib. Mid regression channel meets top of downtrend. Looking for 16 - 17 if it can break up and out. BTC set up as well. Trying to Run. ______________________________________________________________________________________________________________________ This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
NASDAQ:MARALong
by UnknownUnicorn7216011
3
$KL, $55 target in H1/21. Attractive entry point for 2021. The Company is likely to produce 1.3 - 1.4m gold oz's in 2021. The high grade nature of their deposits provides ample margin at current prices for cash accumulation / a big exploration program / sustaining capex / share buybacks / dividends. The Group ended Sept 30th with no debt, $850m in cash, and is generating $2.25-2.50/sh in FCF annually. The current share price is trading at April levels when gold was ~in a $1,650 - 1,750/oz despite current gold prices of $1,898/oz. I'm expecting Group will report in excess of $1B in cash, no debt with operations contributing another record year for the Company. Gold has rallied since Nov 30th, however KL has lagged during the $100/oz run up. Rally of gold in 2021 will move KL to $55 levels, provided no expensive acquisitions, it should provide a 30-45% return during the year. Cdn buyers/Cdn exchange - deval of USD coming in 2021.
KLong
by ColinSutherland
1
$GGD - Near term target $3.50 (Q1/21) 2020 proved to be quite a turnaround for $GGD financially/operationally and the near term production looks very promising. At YE19 - cash was low, ops were running at a small deficit, market cap of approx $125m. At YE20 - cash is U$53m, ops are running at record production, market cap of approx $615m Silver performed well during 2020 which allows GGD to operate its tailings deposit at positive margins. The Company stated they realised U$6.5m of FCF at a silver price of U$22.71. Silver price today of $26.40 gives them an additional U$2.2m/qtr of FCF. Near term catalysts - you could see this at $3.50 by Mar/21: Los Ricos South PEA - grade profile for OP is 2.26 g/t Gold Equiv, nice operating margin given cutoff originally used $1,400 gold and $16 silver - if recoveries avg 70% combined, the project will provide a nice IRR. If additional tonnage added through drill program, even better for the economics of the project as a whole. Drilling - one of the largest drill programs in Mexico, the Group sees value in unlocking the Los Ricos region. Positive results from the Northern region of Los Ricos will add more value because of proximity to Southern Region which will have soon to be released economics via a Preliminary Economic Assessment. Consolidation - better assets are hard to come by, the Group will likely see interest from several larger silver producers. Well performing asset, attractive development asset, clean balance sheet. Management - the team knows Mexico well, has operated in the capital markets space for over 20 years and have previous success. Limited downside through 2021, no warrant overhang, management ownership.
TSX:GGDLong
by ColinSutherland