Ascending Triangle breakout for GTII GTII appears to be one of the cannabis companies in America holding their market cap relatively intact.
There is an ascending triangle pattern on the verge of breaking out, and like clockwork cannabis reform in America is a hot topic to capture voters of all ages.
“There’s no excuse for our not being in the forefront for something that is now legal for 97 percent of the American public and, where people have a chance to vote, they vote to change the policies,” Blumenauer said. “I am hopeful that we can see some action following through on the legislation I passed—but, more importantly, on the things that the American people want.”
ELEM - Element79 Near term Gold and Silver Producer in PeruElement's volume has increased 260% from a previous 50+ days, also it's upward trend has increased 40%. With gold again reaching a new all-time-high last week and Element ramping up to begin reproduction at it's Lucero project it's well worth considering this junior.
Aurora: One Step Away 👣The Aurora share continues to trade at the upper edge of our blue Target Zone between C$3.85 and C$2.58. In line with our primary scenario, the price should dip into this Zone. Within this range, we continue to expect the low of the color-matched wave (v) and thus the large wave (2) correction. Subsequently, we expect a turnaround and strong increases.
NAM into a falling wedgeNew Age Metals, Inc. is an exploration company, which engages in the discovery, exploration, and development of green metal projects in North America. It operates through the Platinum Group Metals (PGM) and the Lithium/Rare Element divisions. Its projects include River Valley Palladium, Genesis PGM-Ni-Cu, and Lithium. The company was founded on May 29, 1996 and is headquartered in Richmond, Canada.
My TOP10 picks list in (Silver & Gold) Mining companies 1/10With the recent bullish action in Gold and Silver it could be the right moment to investi in Gold and Silver Mining companies, which constitute a leveraged bet on the underlining metals.
It can not be understated that mining companies are one of the most hated investments in the global financial world. They have performed poorly in the past, sometimes even when the metals made some important gains. Wo why this time could be different ?
With the approaching break down in the Gold to Silver ratio (I will soon publish a chart), I nevertheless am quite confident that my Miners Portfolio (about 10% of my overall portfolio) will perform well.
This is NOT financial advice or recommandation. I am simply sharing with you what I am doing personally with my capital in order to survive the ongoing restructuring of the financial world.
First pick - DISCOVERY SILVER - DSV
It is one of the biggest silver deposits of the world. The Mineral Resource Estimate for their Cordero Mine was most recently updated in January 2023: it grew by about 35% and is now over 1.2 Billion ounces of silver in the Measured and Inferred category) !! The project is located in Mexico.
On a technical analysis basis price has broken out (yesterday) of the bullish descending wedge. The apex of the wedge was situated on an important strong resistance zone between 0.56 and 0.66 $.
I do not use stops but if you would like to place a stop, it could be at 55 cents. I do not thing however that we will revisit those prices again.
As often, I bought too early, at 0.66$ one month ago. However I was so confident that I made it my number 1 position. Yesterday it rose 23.94% and so I am already in profit.
There is no need to chase here. However with 350 Million $ I guess this company is deeply undervalued ! Analyst ratings give it a target of 2.67 $ (wich is a 200% or 3 x move from current price).
I am bullish !!
Other picks will follow in the coming weeks. Feel free to follow if you would like to discover what my other picks are.
Swingtrade ATD.toOver the past two years ATD.to has traded seven times in a range bound in the upper side by the 50ema+8% (confirmed by an RSI of 70) and on the lower side by <50ema (confirmed by RSI below 40). It is again approaching the lower side of the range. A buy entry to the swing trade...
I have been swingtrading 1/3 of my long position
Wheaton (WPM): Further Downward MovementWheaton (WPM) : NYSE:WPM
Due to growing interest in the gold market, we've decided to include a mining stock in our analysis, specifically Wheaton Precious Metals Corporation, a Canadian company that focuses primarily on gold mines. We start with the weekly chart to examine this company. It's important to note we're dealing with Canadian dollars, not to be confused. We've completed the first 5-wave cycle, although not the most aesthetically pleasing, at 76 Canadian dollars.
Since then, we believe there should be further downward movement to complete Wave C and simultaneously the overarching Wave II. We expect to enter the range of 50 to 61.8% retracement, approximately at the level of Wave (A) as we can see more clearly on the daily chart. The subordinate wave structure also clearly shows that we're in a Flat structure. Based on this, we expect to see a 5-wave downward structure.
Should the rising gold prices cause an increase instead, we would invalidate the bearish scenario once we surpass the levels of 64.42 Canadian dollars and then 71.4 Canadian dollars. If this does not happen, we continue to expect to see Wave 3, 4 & 5. Incidentally, we've also precisely completed Wave 2 at the 78.6% level. Therefore, we are very confident there should be further decline before we consider long-term entries in the mining stock of Wheaton.
Canalaska $CVV up 50% on new findNew uranium find has pushed Canalaska up 50% in a day. Wow!
Downward trend channel formed in April 2021 and almost 3 years later it has broken out, pulled back and now rocketed with volume.
0.85 therefore seems achievable and 1.54 all time high could also be possible.
As ever, this is not a solicitation to trade. Do your own research and you decide all aspects of your own trading.
Air Canada AC.TO - BearishAC has breached the upward trend channel, accompanied by a Head and Shoulders formation. The neckline support, situated around 18.05, has been breached. I anticipate a downside potential with my initial target at TP1 = 17.03 and TP2 = 16.57 CAD $. Best of luck to everyone, but please remember that this solely reflects my opinion. Conduct your own analysis and risk assessment.
$TWOH break of the descending wedge?CSE:TWOH has found solid support at .01. Beaten down over the past couple of months, seems ready to break this descending wedge pattern. Plenty of upside when/if it does.
LSPD - Bullish ReversalLSPD (Lightspeed) appears to be oversold at the moment. The arrival of the new CEO is expected to significantly boost the stock. Additionally, there are signs of a potential reversal, particularly on the lower timeframe of 15 minutes, with an inverse head and shoulder formation indicating a possible turnaround. I anticipate LSPD to rebound and test the resistance level between 21.5 and 21.9. Best of luck to everyone, but please remember that this is solely my opinion. Conduct your own analysis and risk assessment.