Bacanora Upside Move??Purely Speculative
I think there is more upside risk than downside risk looking at recent moves it looks to me like it is at the beginning of an uptrend looking to retest the resistance level again hopefully it will break through if momentum builds on the way up.
What do you think??? let me know
Bacanora
Bacanora BCN - Potential Double Bottom on WeeklyWeekly chart of BCN - showing a few signs of a potential bottom.
1) Hammer Candle showing rejection of 14.6 level.
2) Double bottom formation.
3) RSI level indicating an oversold condition.
Potential Idea-
Entry: Market
SL: 14.6
Target 1: 37.5
Target 2: 56.5
Timeframe: Long Term - Weeks to Months
Could we see 380% increase on Bacanora Litium MMHVW - seems Buy to me. Part of my portfolio.
Bacanora Lithium Plc engages in the identification, acquisition, exploration, and development of mineral properties. It explores for battery grade lithium carbonates and borates. The company primarily holds 100% interest in the Sonora Lithium project, which consists of seven mining concessions located in northern Mexico; and the 50% interest in the Zinnwald Lithium project that consists of 7 mining concessions covering an area of 256.5 hectares located in the Alterberg-Zinnwald region of the Eastern Ore Mountains in Germany. The company is headquartered in London, the United Kingdom.
Bacanora BreakthroughThis is it! Bacanora has now reached my reentry levels and after some investigation i have declared this to be my N.1 Stock 2019 and maybe already this year we will see the fruits of labour.
In General my outlook is Bullish for the coming years. Soft targets should be hit by 2019-2020.
At a buck a pop i have dedicated a full position to this trade.
