NPRNorth Peak resources chart is looking good . Another Nevada stock so it's in a good jurisdiction .
BTLLF trade ideas
North Peak Resources (USA: $BTLLF) Continues To Gain Momentum ⛏️North Peak Resources Ltd. engages in the exploration and development of gold properties in Canada and the United States. It has an option to acquire 100% interest in the Kenogami Lake project that consists of twenty-seven mineral claims covering approximately 500.3 hectares located to the southwest of Kirkland Lake, Ontario; and the Black Horse property consisting of 2,733 acres located within the Snake Range, Eastern White Pine County, Nevada. The company was formerly known as Interbit Ltd. and changed its name to North Peak Resources Ltd. in June 2020. North Peak Resources Ltd. is based in Calgary, Canada.
North peak resources long term buy position. Looking bullish250 day moving average starting to turn along with bullish gap on parabolic SAR shows that NPR is a good long to take right now. Should be more momentum towards longs in the coming weeks.
LOL setup on NPRLittle Ol'd lady style setup on TSXV:NPR
Entry off the double bottom:
Entry: 0.59
Stop Loss: .49 (Total risk to .48 = (.59-.48) = 0.11/share )
Target: 1.05
Risk:Reward Ratio = 1:4.7
How to calculate your position size:
Divide your max Loss (1-5% of total portfolio equity dependent on your own risk parameters) by .11 to get the number of shares to buy.
Ie: 10k account balance:
10,000 *5% risk/idea = $500 Max risk per trade
500/.011 = approx. 4500 shares.
Max Risk = 495
Target Profit = (1.05-.59) = .46 X 4500shares = 2070 profit.
Risking $1 to make $4.14
UP 41.82% on Change of Business into GoldYesterday, North Peak Ressources went UP by 41.82%.
The company changed business on June 30, 2020 and it is now in the GOLD sector.
Morningstar's quantitative fair value for this stock as of July 2, 2020 is $1.11. That is more than 26% higher than the current price of $0.88.
Today it is UP more than 12%.
GLTA!
