First Higher High Since 2011. (LODE)
I will be trying to get a fill around 65 cents as that is the high of the previous impulse in this massive downward channel.
As of now it looks as it could be a double bottom with strong buys from the 30 cents range.
I am attacking at the top of the channel and this can be a risky move. Comstock announced positive income for second quarter which is a bonus.
If broke 65 cents than I would look to play at the lows around 30 cents for a long term hold.
A breakout of this channel would be a strong sign.
As of now it looks as it could be a double bottom with strong buys from the 30 cents range.
I am attacking at the top of the channel and this can be a risky move. Comstock announced positive income for second quarter which is a bonus.
If broke 65 cents than I would look to play at the lows around 30 cents for a long term hold.
A breakout of this channel would be a strong sign.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.