STKXF trade ideas
Opportunity? A fall in the USD dominance is coming. BRICs can potentially challenge the USD. Money being linked back to a hard asset appears on deck whether it be BTC/Gold/Silver. This bodes well for all North American jurisdiction gold and silver resource companies. Strikepoint has huge potential in massive Walker Lane, Nevada property with an interesting private partner located at the center. As well as two high grade assets in the legendary Golden Triangle.
STRIKEPOINT GOLD INC. Swing Trade PositionSUMMARY
Technical Analysis: I am long the stock because I see price action has completed a corrective ABC pattern on the daily Chart. From here price action could develop a bullish counter trend.
Fundamentals: The company has commenced drilling at their High-grade Willoughby property. The Company is cashed up and IF! they hit bigly then share price pushes higher.
I do not share in your gains nor in your losses. Do your own due diligence. Trade safe, be well.
Visit their webpage and look through their corporate presentation - www.strikepointgold.com
SKP Strikepoint Added Added Strikepoint at this slightly risky entry, the base of ascending channel.
compressed SMAs: 100Mo SMA (Above, flat) 30Wk SMA (Above, rising, crossing above 100Mo) 30D SMA (Above, Crossing Below Previous, hopefully temporarily).
Recently bottomed, the possible second test of the channel before 1400% ascent into late June Peak.