Back test complete?What part of the bull market for precious metals are we at right now? More importantly, is this breakout and back-test on the weekly chart complete?
$apm.v OTC:ANPMF #silver
@AndeanPM
Bullish outlook, but potentional correction first!Fundamentals:
Overall the quarter result was slightly better then expected. The high gold price will also lead to higher incomes in the coming quarters.
Technical:
In the short term it is possible that the support zone at 1,59 CAD will be tested, before going to the resistance lvl at 2,58 CAD.
New Found Gold Second postThe trend since the end of February is still moving up with consolidation the last two weeks.
April 12th filled the gap down from Octover 2023 setting as well as setting the YTD High. I think May will be positive and move past the resistance levels and try to test the YTD high.
ERF LongLong entry on ERF. This feels like one of those i should have stayed away from. Been watching for a long time and missed several entries due to lack of funds. NASDQ pullback this week solved that problem. Energy tends to rally when tech does not so half normal position placed. Usual SL management and targeting the 50% retrace.
CANADIAN STOCK > short TOI Based on my graphic analysis I observe a bearish projection reaching minus 6% in the price of this corporation, that is; from $115 it will drop to $108. With a buy exit emerging at $122, it is worth remembering that the exact time the decline will take is unpredictable, the market will simply do its job. We can mention that it will happen within the next 15-20 days from this post!
REFERENCES:
* Green line: emergency exit price: $122 = -6%
* Red line: selling price (position) $115
* White line: profit $108 = +6%
However, it is important to remember that these marked lines must be respected. If the price goes up 2 to 4% after you execute the position, don't try to improvise and change everything. The movement could return to the initial direction and you will be left frustrated!
"Sitting quietly and waiting for the operation to develop most of the time will allow you to earn much more money. That is, sit in the stands and enjoy the spectacle that the bull will present to you, control your emotions, since the biggest enemy of "The time to invest is yourself"
As for capital management, I leave it to my personal discretion knowing that we must always have money flowing and remain firm in the market.
Greetings and I hope you take advantage of this good negotiation opportunity!
> Josias Baltazar.n
Bullish for NFG NEW FOUND GOLDlooking at the past 20,50 and 200 sma when they converged like they are about to soon, the price went on a little bull run. over 6 and hopefully close to 7 by mid may !? hopefully im reading this right, and with all the positive test results that have come back, im feeling bullish!!! this is just my opinion and also this is my first post.
A breakout has just started on the weekly!Had to take a position on this today! Sprott is the largest holder (with 165 million shares). This long-term chart looks very similiar to Jaguar Mining (another Sprott company) that has taken off. A reverse head and shoulders forming on the monthly chart. It could still bounce sideways to lower in the near-term. If so, I doubt it will be dramatic. Could be an easy 10x from here.
Elliot Wave, Wave 3 Impulse just getting started. TSXV:LBCWe've had the initial Cup & Handle Pattern & subsequent breakout - exactly to the theory.
Now we've just seen an A,B,C retrace (W2) which was halted at the Cup & Handle breakout line for a fleeting Gap Fill.
This was also the 50% retrace level of the (W1) Impulse.
Should push on now (W3) with a target of $1.41
CET LongEntered this trade a few weeks back. Looking for the Major 236 and on for targets. Very long shot, the flip of the Daily MA's has prompted the entry. Going a little sideways currently.
Barrick Gold for a short playBought on March 11-13 and currently up. A one month play I am learning to take longer outlook trades s as not to lose my shirt. So are up about $260 Canadian. I think I will exit shortly. Some news happening around the fear causing war. Sometimes fear causes me to jump in deeper when the pack is running. I love a good short though. None the less I think the profitability is there. Listed as a strong buy by many coveted investors. Which is what makes me want to get out. Plus I think its a long play if you want to make more. I want some short term ramp ups.
POT oddsWhen Mr Market gets crazy so do the odds and leverage ratio's in this study step falls to a 10 level on the 5 year screen , so anchor the long dollar risk amount which was 3.13 or so on the Zero price mark, then slide the middle bar down towards it until the amount of shares goes to a level 3100 or 10 x from where you start for shares.
Now assuming you have done just a little fundamental analysis go hard and if your scared throw at least 500 bucks at these things. This is based on some cool DCF analysis's as well if you need more assurance, if you had discounted any stock 30 years back to today at 12.25%, you would be in the ball park especially if that price happened inside 1 year , now, what are the time odds if this stock makes a move, well here's where the study suggests we take a page out of Joel Greenbelt and hang on for a minimum of 3 years for our 10x plus return, even at 3 years the time odds are again 10x in your favor ,you didn't wait 30 only 3. Case studies AC,TCW,PD,YGR,BBD.B,HCG and so on,,,,,,,,,
My TOP10 picks list in (Silver & Gold) Mining companies 3/10Four months ago I made a very risky bet. After Bear Creek Mining stock cratered 70% in 6 months (after it had already 85% in the last three years (totalling a 96% loss in 3.5 years) I went in big at the 20 cents level, making it one of my biggest positions in my portfolio.
I believed in an upcoming PM bull market and was of the idea that this stock was criminally underpriced at that level (even if it was a high risk bet): around 350 M equivalent silver ounces for 70 million USD meant that every ounce was priced below 20 cents. Actually that meant that for every stock unit you bought a silver ounce in the ground !!
It was one of my best bets. The silver bull has bearly started and I already doubled my money !! I calculated the price objective for this technical setup: a potential 350 x (or a 175 x from current price level).
I am very bullish on BCM !!!
golden cross opportunityI hope I am right but this is all a gamble working as a trader for 5 years this is just a hobby