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Minerals

AG showing Triangle Pattern, breakout incoming?Hi. In this 1D chart I've plotted a Triangle pattern that's played out since the start of February. I anticipate a dramatic breakout in the coming week (Idea posted 26/03/2021) as it breaks through the diagonal resistance line or the support line. To support the theory that a dramatic breakout is coming there are a couple of indicator factors to consider: The price is currently dancing over the Ma 56 line which indicates an impending breakout in either direction as it moves off it. As well the MACD is currently close to the 0 line which also indicates an impending breakout in either direction as it moves off it. As well the Williams is currently right on the center line which also indicates an impending breakout in either direction as it moves off it. I've made some examples of long trades that could be made if it breaks the diagonal resistance line and when it reaches the prices of point B and D from the Triangle Pattern. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NYSE:AG
by Kabeldon
ASX:PLS Pilbara Minerals Ltd - all eye on growth ?ASX:PLS Pilbara Minerals is positioned to become a low-cost, long-term, sustainable lithium producer. During the period the Company increased its cash balance by $41.97M to $105.5M at 31 December 2019 (30 June 2019: $63.6M). a net cash inflow of $107.6M, (net of fees) related to the successful equity raising completed during the period need to follow the demand for the minerals that PLS operate in otherwise stock can correct from here.
ASX:PLS
by Peaceful-Weekend-Investing
#REMX - 100% safe? Rare Earth going up? #tradingviewThe Vaneck Rare Earth Metals ETF indicates an overall trend reversal in rare earths. The RSI - Relative Strength Index has not confirmed the lows of 2020 compared to the lows of 2016 and has built up a massive divergence on a monthly basis. In the course of the upward movement, the 2018 highs are likely to be surpassed, which from today's perspective would correspond to almost a doubling. Companies such as Defense Metals or Lynas are likely to react even more strongly than the ETF, and everyone should be aware of this, depending on their risk appetite.
AMEX:REMXLong
by StefanBode
2
B2GOLD CORP upside potentialB2Gold Corp. is an exploration company. The firm engages in the acquisition and development of mineral properties. B2GOLD REPORTS QUARTERLY GOLD PRODUCTION OF 241,593 OZ AND RECORD QUARTERLY REVENUE OF $442 M FOR Q2 2020; ON TRACK TO MEET ANNUAL PRODUCTION GUIDANCE OF 1,000,000 TO 1,055,000 OZ On 7/20/2020 Scotiabank Boosted Price Target to Outperform from $8.50 to $9.00 It`s in the overbought RSI area, we can expect a small bounce before another leg up. B2Gold pays an annual dividend of $0.08 per share, with a dividend yield of 1.16%. If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
AMEX:BTGLong
by TopgOptions
Interesante bandera de teórica resolución al alzaSe puede apreciar que el activo formó una bandera de teórica resolución al alza, también vemos que viene respetando la base el desdoble del canal propuesto en una idea anterior (linea de puntos Verde) con transgresiones temporales de la linea de tendencia bajista (linea Negra) quebrada la cual actuó como disparador del interés en el papel. muy correlacionado al comportamiento del oro, principal actividad económica de la empresa y tambien con otras empresas de sector (barrick gold, harmony gold). sigue vigente la hipotesis de que sea la wma de 30 semanas la que busque al precio
ALong
by nelsoncares
AU: history repeats? Last year, the asset started a bullish rally (similar to the one that has just ended currently) that led the price to increase by more than 100%; From that moment on, the price corrected and began to generate a bullish channel (green dotted line ceiling). The correction it had then never reached the 0.382 Fibonacci retracement, but it was the 30-week weighted average that went looking for the price and accompanied it support throughout this channel (this pattern is likely to repeat itself). In February of this year, prior to the covid-19 crisis, the canal ceiling was broken upward with a significant increase in volume, after which the asset falls sharply and recovers in the same way. But this time, the increase in the price is more than 150% and after breaking the medium-term downtrend line (black line) it again exceeds the channel ceiling and unfolds it (green dotted line is now floor), exceeding the maximum at the end of February this year. Today the price corrects and contacts the 0.236 Fibonacci retracement that also converges with the bearish TL of the medium term (black line) and it seems that the paper generated a throwback to it and that is when we are presented with this great opportunity. The interesting thing about the current price situation is that from this point history can be repeated and in that case I have two objectives. The primary I postulate in the maximum of July 2016 and starting point of the medium-term downtrend line broken today; which represents a rise of more than 20% and as a second objective we have a relevant value from March 2014 that was support and that is now going to act as resistance, while the price is going to meet the upper secondary channel ceiling in US $ 7 which represents a rise from current prices of more than 40%. In case of losing the support in which the asset is currently located, it would greatly complicate the performance of the paper (and the proposed strategy) since it would fall back below the medium-term downtrend line. Although below it presents a relevant support in the 0.382 retracement to which the wma of 30 is clearly rising. If last year's asset behavior model were to repeat itself, now that the rally was more pronounced and the correction sooner, perhaps we would see the average of 30 quickly go up to look for the price and accompany it as support throughout this second channel. I do not include analysis of indicators so as not to extend.
ALong
by nelsoncares