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FORTUNE MINERALS LDFORTUNE MINERALS LDFORTUNE MINERALS LD

FORTUNE MINERALS LD

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FT trade ideas

FTMDF/FTThese assets should be about the same value in theory, but that’s not the case in fact. Theories are often thwarted by the facts on the ground. The fact is FTMDF and FT are not fungible. You cannot exchange one for the other. They’re independent pools of value, and they’re different assets. We can see that we have increasing volatility between them. The US ticker usually lags behind, but not always. Sometimes it spikes. the US side has even lower volumes than the Canada side, but that can change quickly if the chart confirms bullish. Bullish for the first time. What’s going to happen to FTMDF vis a vis FT? I think we continue the trend of even more volatility between them, and the US ticker spiking against FT.
OTC:FTMDF
by Shammus01
Fortune or misfortune?It’s absolute despondency for life’r bagholders, of which I include myself. But there are guys like Brian who are real lifer’s and they’re ready to commit herri karri. I say wait. Don’t put yourself in front of a train yet. Sell when you feel like a genius, and buy when others are despondently selling. What’s happening now is just low vol, not really going anywhere, and holding a somewhat elevated level as it consolidates momentary. What can happen next is six-sigma to the upside.
TSX:FT
by Shammus01
FT converted into USDHi y’all, I converted CAN to USD in the upper, right-hand corner. It puts us below the .236 Fibonacci level for my “projected” macro bull fib. I’m pretty good at this at this point. The level between 0 and .236 is a low volume, high risk, high reward zone. If and once the price overcomes the .236 bull fib, then a new bull run is confirmed, and volume enters. New money and bigger players enter above that US $0.10 to $0.15 zone. For stocks, and all else equal, if we break through the .236, then we expect to see a .618 test. This is just how it is in stocks, and in crypto I’m looking for the .786 fib. Fat has a good history now, and there’s an all-time linear overhead that we’ve already cleared, and there’s a log overhead around $2, which the bears are not happy to see. A run for the log overhead is a fait accompli.
TSX:FT
by Shammus01
Fortune MineralsToday’s pump in FT has proven my point. My whole thesis relies on the nothing that after the price capitulation, the consolidation since then has been Adam and Eve. Now, this is proven right. Adam was the initial capitulation, and Eve is an inverse head and shoulder. I’ve been saying this, and you can go back and check my records. I own more than 5 million shares of ftmdf, at an average price of US $.055. So, the price went up and tested my average price paid today, before pulling back down. We will see where it ends the day and week, but what a relief to see my chart formation theory become fact. Almost all of my shares are in one term - held over one year. I’m looking for $2 FTMDF, which is just a revisit of the log overhead in FT - which is the only full history. A spike to $1USD puts me at well over five million US dollars, so let’s run this.
TSX:FTLong
by Shammus01
9
FTMDFThis is Adam and Eve in linear. You are blind if you don’t see the descending overhead, and we’re at the right, inverse shoulder of an IH&S, and we have spinning tops. The whole chart history has been bearish, with lower and lower highs. I’m looking for that counter-trend move that prints a fresh higher swing high, which would signal at least an attempt at a new bullish run. Daily candles become bullish after a higher swing high, and then after a higher swing low. If the price begins to revisit the prior neckline after a higher swing low, then it’s assumed at that point bullish. The overhead resistance is all time overhead resistance in linear. It’s strong overhead, but it’s only theoretical. It means nothing and will be easily overcome with any volume event. Go back to $.10us, and bears will start crapping themselves.
OTC:FTMDF
by Shammus01
1
Fortune Minerals FTMDFFurther insight into fortune minerals all-time bearish posture. Incase you don’t follow my past posts, I believe FT is about to enter a new bull run. Technically, this is so. Fundamentally, the ft mine just partnered with rio, and this is due to government monies directing them to do so. It’s very good news for ft team, who seemed to be at a standstill and not able to secure funding, but clearly they have now received funding, and have been identified by the North American governments as a key cobalt, gold, bismuth player. Regarding the linear chart that I present here, we can see it’s not going below $0. Next up, it “should” pop up to meet “all-time” linear overhead resistance. You decide when to buy. I’ve been buying every share under three U.S. cents for the last six months
TSX:FTLong
by Shammus01
2
Fortune MineralsHi guys. I edited this chart down to what really matters. The price location in the Fibonacci channel. What it shows is that this bear trend that FT has been in since inception is about over. If and when the price breaks out of this channel, it will look to revisit prior highs. $.25, then $.38, etc. eventually testing $1USD, and then $2USD. You choose when to enter. Nobody can tell you what to do. I own roughly 1% of all shares, and I’ve been buying every day almost for the last few years. All of a sudden, I’m up huge % gains - long term cap gains. That’s how we do
TSX:FT
by Shammus01