Little downside, 5X upsideWe are back at 2018 levels, and a recent double bottom, for Metalla Royalty.
When the downtrend is eventually broken, I expect a quick pop back to the longer-term trendline
MTA trade ideas
MTAMTA is oversold.
A good opportunity from $4.20 for a 20% swing back to the $5.18 gap-fill.
Starting a position here.
Will add if it drops lower.
MTA for a return thrust to the ATH!Hello! Liking this action in MTA! Going long at 10.10 with a target of 10.57 at the ATH!
MTA Relative StrengthRelative strength of this stock in the Gold Mining and Gold Royalty sector.
This thing is just not selling off that easily, I have a feeling it will outperform during the next run up.
I'm not sure when that is, as recently growth data has picked up in the US. So it may be a quarter or two away. They may also create another liquidity crisis again in order to prep for the next stage.
[Long] MTAImagine being able to go back to pre-COVID time and buy a gold royalty company. Before you knew the US deficit and Fed balance sheet would go supernova.
Well, this one (and SAND) are almost there. I added some more on today's dip. If they go down further I will just keep adding.
Gold held up well today considering the weakness in SPY & QQQ. Maybe the correlations are changing? We'll see.
Metalla Royalty: Massive Break-Out; Top Gold Investment for 2020Metalla Royalty is, as the stock name suggests, a royalty and streaming gold and silver company. That is, it gains revenue off a royalty stream, not the act of mining.
Similar to Sandstorm and Franco-Nevada, Metalla is the "up and comer" for royalty streaming and has a strong management team.
Currently, much of the gains for Sandstorm and Franco-Nevada are baked in until Gold really begins to surge past 1500 again (which will come faster than people think). Both Sandstorm and Franco trade at about 90x P/E; although this doesn't necessarily mean anything at first glance, in this case, and in the precious metals sector, what it means is it will take a large resurgence in Gold to push either stock higher. What it also means is if either company misses an earnings report you can expect downwards pressure. For this reason, Franco-Nevada has barely moved in 3-4 weeks despite record earnings beat.
Nonetheless, my top pick for the remainder of 2019 and through 2020 is MTA (Metalla) for the mitigated risk due to the royalty streaming aspect of the company, and how cheap the stock is. The good news is in the next week or so it will be trading on the NYSE which will likely push the stock up 50-100% over the next few months.
Don't miss out on a great opportunity before this stock gets more well-known.
Massive bullish volume averaging 600-800k per day over the last little while.
- zSplit
Metalla Royalty (MTA.V) Forming Rounded Bottom, Possible SetupMetalla Royalty, trading on the Venture exchange, has started to form a rounded bottom continuation pattern. This could set up a trading opportunity if the price pulls back, consolidates, and then breaks out of the consolidation higher (at least this is how I like trade the pattern).
I have put estimated trade levels, providing for a roughly 3:1 reward:risk.
At this point, it is a hypothetical trade. No positions taken yet. Trades levels will vary based on how far the price pulls back, and how large the consolidation is (if one develops). The prior consolidation has been highlighted with a pink box.
