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
FT trade ideas
Fortune MineralsHello again. My last posting showed where the price is in the “bear fib”. Meaning, the bear Fibonacci channel. This posting shows where we are in the upcoming “bull fib channel”. It shows what prices are possible. Not guarantee, but possible. Typically, for stocks, I’m looking to exit the .618 fib. I will probably exit the trade before that, because I’ll be so rich, but .618 is within the realm of possibility. You do you.
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 $2USD. You choose when to enter. Nobody can tell you what to do. I own roughly 1% of all shares, and I’ve been buying every day almost for the last few years. All of a sudden, I’m up huge % gains - long term cap gains. That’s how we do
FT Fortune MineralsHi, it’s is “FT” chart converted to USD. Monthly candle close engulfing on Rio Tinto collab news is a good sign. The timing of it is right off of the zero level “bull fib” - which is my projected fib channel for the upcoming bull run. The chart to date has been net bearish, but now that the mine seems to have govt. support, I believe our first bull run is here. I own over 3.5 million shares. Let’s go!
FT.CA: Bullish Flag (52%)Bullish Flag (52%)
Pros:
Volume during post formation
Descending volume during Flag formation
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 5
ATR ascending
250RSI above 50 and ascending
200MA ascending
Target:
PT = 0.335$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due dilligence. This is not financial advice
Stay Humble, have fun, make money!
Education:
www.dailyfx.com
FTMDF: Bullish Flag (56%)Bullish Flag (56%)
Pros:
Volume during post formation
Descending volume during Flag formation
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 6
ATR ascending
250RSI above 50 and ascending
200MA ascending
Target:
PT = 0.2955$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due dilligence. This is not financial advice
Stay Humble, have fun, make money!
Education:
www.dailyfx.com