NAK: LONG once again
Updated
Hi guys, my previous call which resulted in a whopping 500% - 600% gain.
It still depends on the permit, let me explain.
We had a healthy pullback from 2.40 to 1.50. nothing wrong with that. after that Donad Trump Jr. and other republicans came out against the mine saying: Bristol Bay headwaters and surrounding fishery are "too unique and fragile to take any chances with."
The stock crashed by ~60% from 1.45 to 0.60. Retesting the pink downtrend line and the first orange uptrend line. an overreaction and recovered some.
That very day i told my friend: either this is fake, with some high profile people missing the boat, missing huge gains, creating an artificial shock to buy very very low.
OR the crash is real, the permit will not come and project is doomed = will go to Zero.
Now, im i think my first tought is correct. Trump himself comming out tweeting (ofc) "Don't worry, wonderful & beautiful Alaska, there will be NO POLITICS in the Pebble Mine Review Process. I will do what is right for Alaska and our great Country!!!" resulted in 20% gains that day.
The final EIS (Environmental Impact Study) is still positive, supporting the development off the mine with when certain challanges are fixed (why wouldn't they get fixed.)
Read about it here: pebbleprojecteis.com/overview/projectoverview
NAK Long for the Long term.
Resitence levels: 1.50 (will definitly go there, closing the gap)
1.80 ish
2.50
3.45
4
5
6
It still depends on the permit, let me explain.
We had a healthy pullback from 2.40 to 1.50. nothing wrong with that. after that Donad Trump Jr. and other republicans came out against the mine saying: Bristol Bay headwaters and surrounding fishery are "too unique and fragile to take any chances with."
The stock crashed by ~60% from 1.45 to 0.60. Retesting the pink downtrend line and the first orange uptrend line. an overreaction and recovered some.
That very day i told my friend: either this is fake, with some high profile people missing the boat, missing huge gains, creating an artificial shock to buy very very low.
OR the crash is real, the permit will not come and project is doomed = will go to Zero.
Now, im i think my first tought is correct. Trump himself comming out tweeting (ofc) "Don't worry, wonderful & beautiful Alaska, there will be NO POLITICS in the Pebble Mine Review Process. I will do what is right for Alaska and our great Country!!!" resulted in 20% gains that day.
The final EIS (Environmental Impact Study) is still positive, supporting the development off the mine with when certain challanges are fixed (why wouldn't they get fixed.)
Read about it here: pebbleprojecteis.com/overview/projectoverview
NAK Long for the Long term.
Resitence levels: 1.50 (will definitly go there, closing the gap)
1.80 ish
2.50
3.45
4
5
6
Note
Follow the news closely: has more downside.nytimes.com/2020/09/23/climate/pebble-mine-resignation.html
Levels:
0.88
0.80
0.63
0.40 (BUY)
0.22 (PANIC BUY - SELL @ 0.39)
Note
It happend: "U.S. Rejects Controversial Alaska Pebble Gold Mine Project"finance.yahoo.com/news/u-rejects-controversial-alaska-mine-175744367.html
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