TA to Support FA as FireFinch set to Break Out on Big News EventFFX Looking to break through historical support as we break through short term resistance at 27.5c on near term news flow supported by Gold and Lithium sentiment with blue skies until we hit historical price support now walls as we look to retest 53c first test and 81.5c all time high.
A lot will depend on greater sharemarket movements but with a lithium demerger in a lithium bull and the upramping of the gold mill with an aggressive drill campaign shoring up greater reserves and grades its hard to see company specific news pushing the stock to align with the above T.A.
Miningstocks
METALS - GXYModel Forecast for Galaxy Resources Ltd:
- Model has produced Line of Least Resistance Elliot Wave for GXY.
- Cup and Handle breakout.
- Galaxy Resources is a leading producer and developer of lithium.
- We are bullish on commodities, especially metals.
GLHF,
DPT
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Denison Mines, Blowing MindsDNN, 4h, This right-angled consolidation contains some scrubby harmonics excluded, so the headline here is the formation of higher lows on all 3 momentum oscs - MACD, RSI & Stoch - while the asset has held $1 essentially during. Continuation inferred by the Class B bullish divergence across the trio coupled with seller exhaustion makes a break of the 1.32 region critical for upside targets, so a formidable entry nearer the current range ensures proper R:R of 3.45/ 4.95 / 6.8. Our recent high serves as the first of the 3 overhead Fib targets with a break of the present range below the 0.382 retracement.
HEX CRYPTOCURRENCY. SAVINGS ACCOUNT ON A DIGITAL LEDGER > GOLDGOLD BUGS WEEP SOME MORE.
I THINK GOLD WILL CHUG ALONG INTO 2.5K RANGE BUT CMON ON MAN IT'S 2021
DUMP THE YELLOW BRICKS.
AG SILVER MAJESTIC (UPDATE)I abandon the boat, too Risky to me
if the price action test a new lower low very soon under the support zone, that could end up in a debacle.
Since yesterday i loose my confidence on Silver, fundamentals are not better than the chart.
We see a small recuperation today but still doing a lower high
if you have stomach you could wait t ´ll the end of the week to see what happens.
I ´m Neutral but more bearish than bullish, yesterday was a bad sign, maybe it is just a bear trap, so...
who knows
Thanks
Good Luck
Charlie
Rio tinto- time to mine itRio tinto is one of my fav mining stock. The stock was beaten recently by bears but last friday made a powerful comeback with gap up opening and increased volume. Indicator look bullish. in my opinion rio will move up to 85 and then there is a gap and it will fill it. Also weekly chart looks bullish it is providing a good entry point at this price.
This is not a trading advice, opinion are for education and entertainment
$NDM Descending Channel - Currently BearishBearish currently with lack of volume. Currently bouncing between support and resistance. Stay out of the chop and buy the break out. As this is the largest mine in North America the price will grow in time but short time plays are within reach as it grows. Long term potential is amazing!
Is Glencore in a cyclical trend? I love this chart from an educational perspective. Markets move in cycles. Some sectors tend to be more cyclical than others and the resource sector definitely fits into that categorization and we can see that in the chart.
So from a fundamental perspective, can one assume that Glencore has started a new cyclical trend? A great South African manager that i highly respect put out a note on their exposure to Glencore and relative underweight positions in other diversified miners such as BHP and Anglo. From a fundamental perspective, Glencore mines commodities such as copper, nickel and zinc, all of which have fundamental reasons why the demand in these commodities should increase over time. Copper looks a bit pricey at the moment, perhaps in need of a health pull back but over time it should increase in price.
The signals suggest that the price of Glencore should rise over the short-term, however, i think it may then undergo a healthy pullback before its next leg upwards.
So what is one to make of all of this? Well either buy in now and hold for the next 2-3 years or until the fundamentals change, perhaps taking profits at certain points on the way up, or wait for the pull back (if it occurs) and then buy in. In other words, buy in and hold or sit on your hands and wait.
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Westhaven Gold - reverse head & shoulders in the making?I like the mining sector. It's a sector that is so undervalued versus the general stock market that it almost a no-brainer to invest in it, especially now that the gold price seems to be bottoming out. This is the chart of Westhaven Gold, a gold explorer that has been beaten down for months and months, but the setup is beautiful for fans of classical charting. Entrance with a stoploss at 0.49. If the structure works out, this is a four-bagger based on neckline + (neckline -/- head).
GPL, Bullish Crab with Retest of Pattern Completion ZoneGreat Panther Mining has completed a bullish crab with a double retest of the 0.886 retracement from the recent Jan. 2021 swing low. The MACD is showing Class C Hidden Bullish Divergence which might play out to the upside. Entry is within the Pattern Completion Zone. Targets 1 & 2 coincide with points A) and C) of the harmonic structure, and the 1.618 Fib extension just for kicks. Time will tell.
Perfect Diamond Long on $FCX into AprilGet on board this most excellent trade with copper and stock seasonality on your side! FCX has has a great run this year with copper from the bottom rising 400%. This is a great and possibly final leg to get into for awhile that is perfectly balanced inside Camarilla pivots, which I would consider myself an expert in using.
Copper 16YR seasonality nearing a bottom ahead of the FOMC
FCX is in agreement with a bottom near this area
SOS: Bull pennant formed, PT = $16 this week, then up to 26.Resistance levels ~13$, given rising RS and current BTC hype, with volume this stock should pass that level 13 easily and break above the next resistance at ~16.50.
Intermediate term target (1-2months) = 26+. Stock has little resistance above that level, so with fundamentals / earnings confirmation from the company this is a solid 10x LONG play.
SPAUpdate SPA.
SPA is on sale right now! PFS, resource update and dirllresults can come any time.
Buy the dip !
AMXUpdate Amex. Fundamental very strong.
Right now on strong resistance. We will go up now or may see a short term dip further down.
Longterm is UP UP UP !
Hummingbird Resources set to bounce from channel's bottomHummingbird Resources LSE:HUM is a gold miner, which stocks are traded on the London Stock Exchange.
It benefits from a very low valuation with a PER of less than 4 at the time of publishing.
After a lengthy consolidation inside a descending channel the stock price now hits the lower channel's boundary in a super oversold condition.
It is time for a bounce in direction of the upper channel boundary, before expecting a channel's break to the upside.
Mountain Boy Minerals - Result in 2 Week - H4Mountain Boy Minerals - Result in 2 Week - H4
New interview with LR: www.kereport.com
Teuton Resources Corp.The chart points to a massive breakout in February
The resource update of Treaty Creek should be the catalyst
