Fortune Minerals FTMDFFurther insight into fortune minerals all-time bearish posture. Incase you don’t follow my past posts, I believe FT is about to enter a new bull run. Technically, this is so. Fundamentally, the ft mine just partnered with rio, and this is due to government monies directing them to do so. It’s very good news for ft team, who seemed to be at a standstill and not able to secure funding, but clearly they have now received funding, and have been identified by the North American governments as a key cobalt, gold, bismuth player. Regarding the linear chart that I present here, we can see it’s not going below $0. Next up, it “should” pop up to meet “all-time” linear overhead resistance. You decide when to buy. I’ve been buying every share under three U.S. cents for the last six months
Fortune MineralsHello again. My last posting showed where the price is in the “bear fib”. Meaning, the bear Fibonacci channel. This posting shows where we are in the upcoming “bull fib channel”. It shows what prices are possible. Not guarantee, but possible. Typically, for stocks, I’m looking to exit the .618 fib. I will probably exit the trade before that, because I’ll be so rich, but .618 is within the realm of possibility. You do you.
Fortune MineralsHi guys. I edited this chart down to what really matters. The price location in the Fibonacci channel. What it shows is that this bear trend that FT has been in since inception is about over. If and when the price breaks out of this channel, it will look to revisit prior highs. $.25, then $.38, etc. eventually testing $1USD, and then $2USD. You choose when to enter. Nobody can tell you what to do. I own roughly 1% of all shares, and I’ve been buying every day almost for the last few years. All of a sudden, I’m up huge % gains - long term cap gains. That’s how we do
Hut & Corp - A Big Move coming Can we capture Logic behind it?Hello there,
I hope you all are doing well, If we can capture this move we can generally go on another vacation at the end of the summer. So here is the logic behind this more than 35% rise expected
Technical is strong as we can see from the chart pattern with a good volume breakout another thing is that the company has a business in the Bitcoin Mining business if we compare the day when bitcoin was high in 2021 this company also was in profit and performing good and after the crypto market fall, this also goes into loss. Now Bitcoin is at a high and still, the company is at a loss but now things are changing finials are improving every quarter.
We can expect a big move of about more than 35% lets see in the future.
Thank you for reading my post
Cascade Copper may erupt soon!This copper exploration play is in a GREAT position.
Tight capital structure in great jurisdictions and with an awesome management team.
It could explode any time now -- especially with copper spot reaching all-time highs. If you're bullish copper, look at this now before you miss the boat. They are also exploring for other mineral plays, such as gold.
Above .6 cents and this could fly.
Side (fundamental) note: Former Alberta Premier Alison Redford is on the board. That is significant.
Whats your favorite TSX stock for intraday?I would usually share trade ideas here but instead, I’d like to ask a question to the day traders among us.
When you start your day, how do you pick good candidates (on the tsx) for trading on 5m or 15m timeframe. Do you stick to 1 or a few stock that you trade everyday or do you adjust daily? If you stick to the same few stocks, why those specific stocks?
When trading intraday, I realize I spent too much time going through stocks in search for good movement rather than studying charts. To me thats a problem and I’d like to clean my act a little.
Thanks
TSU LongPosting this one for a friend, not my normal trading strategy. I will not be entering.
TSU at resistance of the upper trend line -Blue.
It has touched this trend line 3 times prior, 4th time we may go through.
It appears to be climbing this Fib ladder and
is stuck in this channel between $47 - $30.
Daily and Weekly MA's are pointing higher.
If it can get its head up it could have a date
with $70.
Aurora: Almost there 🎯Aurora shares have almost reached our turquoise Target Zone, which is located between C$8.39 and C$5.63. We primarily assume that this Zone should be approached next in the course of the current wave C. The low of wave C should also mark the end of the higher-level wave (2) in magenta, which will then clear the way for the subsequent wave (3).
New Gold Mining StockThis Stock ticker BOOM on the CSE is only 2 months old so i figure ill get in for 500 shares and see where this goes. I got in at .12 cents. I'm going to study use this as an opportunity to learn and watch this stock as it matures. hopefully i can trade my way up to a nice profit over the next year.
If anyone has any advice for me i will gladly take it. I want to learn so if you see something you want to point out feel free!! im open to constructive criticism 100 %
May 10: 17-year long correction ended, generational buyMonthly chart shows AMEX:FM was in a 17-year long WXY correction which bounced strongly at the 0.618 fib (common for a truncated last wave for long-term correction).
The Daily shows that it has been nesting to the upside and is very close to breaking above the previous pivot. Once it breaks above, we can confirm that the correction has ended.
Looking at other copper stocks like NYSE:FCX and also AMEX:COPX , it is very likely that FM just lagged behind and the whole copper sector has indeed ended its decade-long correction.
Minimum upside target is 121.5