RKT - when will the squeeze occurIf you are short are you looking for more downside. Bull plays need the market to find support and break and backtest this GP
Diamonds
QQQ -Two Diamond are better than one.This Double Diamond at the top of the QQQ trend provided support/res lines for the 30 Minute QQQ H&S that confirmed with follow through on Tuesday July 28th.
Lucara Diamond Corp (LUC) to continue fall along 2016 trend lineThe price of Lucara Diamond Crop (LUC) has been falling since 2016 along the trend line included in the chart. Recently, the stock price retracted upward towards the trend line which provides a good opportunity to enter a short position. The first good target price would be the 78 percent fibonacci retracement (from the june low to june high) at 3.385 (SEK). Should the price fall further, the second good target price would be the recent support areas around 3 SEK. The stop loss is set just above the trend line at 4.905 since the price as the trend has never been broken.
A key date for this trade is the earnings report in 30 july which you should look out for.
Lucara Diamond Corp can be traded at multiple exchanges in case the Swedish exchange is not accessible to you.
DMDD - A true Diamond in the ruff.As tensions with China increase the hunt for rare earths will rage. This little unknown company will soon be in demand. Keep this a secret until late in the year. By spring 2021 no rock will be left unturned.
Spotify diamond topSpotify is showing mixed signals with the formation of a diamond top which is indicative of a bearish reversal, evident on the chart. Also, formation of an island top which are a quite reliable bearish reversal chart pattern. The uncertainty in this chart may be evident to investors which choose to capitalise on this or sit out.
Personally I use Spotify myself..
$ACRL Sites Located Next to Mine that Produces $516 Mil in Gold$ACRL’s land is the ‘Allsopp-Hutson’ star that’s highlighted which they also list in their 10-K: Proof of their Allsopp ownership in their 10-k, Page 11:
“Allsopp Properties: Mineral Rights acquired in the Kirkland Lake Gold’s Macassa mine Complex Ontario Canada. Consists of 1,680 acres.”
They also have thousands of other acres and rights to diamond, graphite and cooper listed properties on Page: 11:
www.otcmarkets.com
“The 231 foot headframe and shaft sinking infrastructure is now in place at the Macassa Mine. It is all part of a $350 million expansion program which will extend the life of the gold mine for another 15 to 20 years. Eventually the shaft will be to a depth of 7,000 feet( nearly a mile and a half deep). The gold values increase the deeper you go. When completed it is expected to help Macasssa reach production of 400,000 ounces of gold per year.
Why this is of interest to Atacama Resources International is that our three gold properties are all just west of the Macassa Mine and along the same geological fault line. “
Major goodies filed in the latest 8K on the 14th of January read for your enjoyment:
archive.fast-edgar.com
Also of note:
The fault intersection analysis being conducted by our geologist team for Atacama 1, 2 and 3, coupled with these historical data will provide the basis for a cost reduced and efficient plan to achieve proven reserves for the company’s gold claims in Kirkland Lake, Ontario.
No R/S, No Dilution, No Toxic Notes.
Now if all that wasn't enough $ACRL also has these other subsidiaries too:
Good2Drive: good2drive.com
Fit4Duty fit4dutynow.net
Oil Markets recommendations: SELL 75.20; SL:=76.75; TP:=64.20Diamonds? SELL 75.20; SL:=76.75; TP:=64.20 (Risk/Reward: 7.1)
$LOM Inverse Head and ShouldersLOM has formed a reasonably clean cut inverse head and shoulders pattern which is currently challenging the neck line.
With a ongoing news from existing diamond mining activities and upcoming exploration work the catalyst for a break seem likely to present.
First target is set at the support/res level at 37.5c with the second target at 42.5c representing 27 and 44% upside moves respectively. SL set at -12%
BTC DIAMONDS/PERFECT ABCD PATTERNIt looks like btc has just finished Wave A of its correction, I expect to see a bounce to the the 0.618 fib line of the fib retracement for wave b and down to the support trendline just below 0.618 of the fib extension for wave c. Long the break of this pattern for certain profits.
