BTG RSI Divergence/Overbought/Oversold RedoFor fun! BTG Divergence Redo. Has examples of Bullish and Bearish Divergence using RSI Oscillator.
BTO trade ideas
BTG RSI Divergence/Overbought/OversoldAreas of overbought and oversold, as well as hidden bearish divergence on the RSI oscillator.
Buy $BTG - NRPicks 06 AgoB2 Gold Corp operates as a gold producer with three operating mines in Mali, the Philippines and Namibia. It operates the Fekola mine in Mali, the Masbate mine in the Philippines and the Otjikoto mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso.
Revenue TTM 1.6B
Net Income TTM 591M
EBITDA TTM 1.05B
Cash TTM 382M
EBITDA Margin TTM 62.3% P/E 6.44
P/E 6.44
who the hell knows who knows...I don't....this chart shows more pain, more pressure...what gives? Who knows...making money by the truck full...gold seems to be playing around at 1800 which is better than 1700. BTO continues to flounder
Sometimes it just doesn't feel magical Here we have a major player, posting big #'s and good money, in a world that seems to be chomping at the Gold...and it's languishing around in no-mans land doing nada zippo zilch! I was hopefully that they would partner with Galane but sadly they decided Galaxy wasn't a large enough project to get into. So what now brown cow? I'm long all day all night but I'm growing the cobwebs waiting for management to deliver direction...and the market to accept it.
$BTG Target 6.18 for 21.18% $BTG Target 6.18 for 21.18%
Or next add level is at 4.02
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
BTG LongDowntrend Wedge breakout
Breakout double bottom + retest
OBV>OBV34 (my OBV scripts)
WR > -50 (my WR scripts)
Today 7:30 PM ET, Earning
Entry 5
Stop 4.6
Target 7
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan should be less than 1% of an account.
$BTG Target 6.18 for 21.18% $BTG Target 6.18 for 21.18%
Or next add level is at 4.02
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Buying the dip on BTGBTG: A Mid-cap Miner with Value and Improving Sentiment
B2Gold Corp has a P/E of 8, and P/FCF of 8.5, and a dividend yield of 3.34%. That's solid value for money. S&P Global gives it about 70/100 for fundamentals, and analyst ratings on the stock have recently grown more bullish after it made a bullish move across a downward-sloping resistance line. It's frankly worth a buy on its own merits, but it could also benefit from favorable conditions for both gold and small/mid-cap stocks.
Time for a Gold Rally?
Gold sentiment has been improving sharply ever since gold made a bullish trend line break. Inflation beat expectations yesterday, and the big Biden infrastructure spending plan potentially forbodes more inflation down the road. Gold should rally accordingly, unless bond yields play spoiler again. GLD looks poised to bounce from the 20-day EMA. It has a bullish put-call ratio just over 0.5.
Time for a Small/Mid-Cap Rally?
Small caps have been pulling back in relation to large caps since about March 8, but they're showing some life today, with Nasdaq down and the Russell 2000 up sharply. Here's the equal weight to market weight ratio, which I suspect will bounce from the 50-day EMA:
Buying the Dip
I bought the pullback to the 50 EMA and will add shares on any pullback to the 20-day.
B2GoldAlmost all gold mining companies reported record profits as the yellow metal soared in 2020. However, gold stocks have come down significantly this year as the gold retrenched. One stock that has seen a notable fall recently is B2Gold (TSX:BTO) (NYSE:BTG). It has fallen more than 40% after topping last month and is currently trading close to its 10-month lows.
For the year 2021, B2Gold aims to produce 1 million ounces of gold, close to its 2020 output. It is a $6 billion gold producer that operates three mines in Namibia, Mali, and Burkina Faso. Higher production and higher realized gold prices could boost its earnings in 2021. B2Gold is a financially sound, dividend-paying company that has delivered substantial shareholder returns over the long term.
Interestingly, B2Gold stock is remarkably undervalued at the moment. If the yellow metal resumes its upward journey, BTO stock could see enormous gains and could outperform peers mining stocks.
BTG - small gold mine stock might be reading for a jumpFundamentals: If gold rally continues due to inflationary fears, gold stocks including BTG could offer good risk/reward ratios. B2Gold Corp. is an exploration company, which engages in the acquisition and development of mineral properties. According to Interactive Brokers, the average 1 year target from analysts = 8. The company has attractive value characteristics - P/E, gross margin, operating margin.
Technical: To allow the stock some level of fluctuation the stop could be around 4.2 level. It appears that the stock has ended or is near ending the corrective move downward.
EW analysis of B2GIt looks like B2G is reaching its pivot point of Wave 4 and waiting to start Wave 5 upon a divergence signal.
B2Gold at crossroadsCurrently testing first major support line, lets see if it will bounce or break. RSI is low so I expect a jump soon but may be shortlived. Good buying opportunity if it approaches second support (that's where I would look to buy). Trade safely.
This is not financial advice.
BTG - Currently in the Buy Zone!AMEX:BTG currently offers one of the most compelling chart-based entries of any top-tier gold mining company. BTG offers tremendous value and can easily be considered a core holding within any long-term portfolio. We are currently within our first of two buy zone targets, both of which offer extremely undervalued buying opportunities. We will be adding a half position at these levels.
Everything shared here is my own opinion and no results are guaranteed. Good luck!
downtrend channel herethis one is very weak and continues to bounce off the top trendline resistance.. target would be 3.6-3.8 before id consider a long position. better options in my opinion. goodluck ! :)
