Miningtrades
Ready for a bullish breakout?It looks like this descending trendline will be broken in the following days/weeks. Then we could see a continuation of the bullish trend in this stock. According to fundamentals, it's somewhat likely that this mining corporation will benefit from the worldwide money inflation.
Technically, with a break of the trendline and a bullish impulse, the moving averages will line up, indicating an overall bullish chart picture.
IAMGOLD CORPORATION - a long position swing tradeSUMMARY:
IAMGOLD is a mid-tier gold mining company operating in three regions globally: North America, South America and West Africa. Within these regions the Company is developing high potential mining districts that encompass operating mines, construction, development, and exploration projects.
SWING TRADE:
Entry 'long' @ US$ 3.30
Price action has completed a abc (zigzag) pattern and has now corrected with a (bearish, any three wave / X-wave)
On a higher degree look from fractal perspective price action has completed (the A-wave) and the recent drop being the corrective (B-wave) setting price action up for a final (C-wave) which always is a 5-wave sequence.
I'll keep you updated along way... if there are any changes in price action I might take profit early or cut a loss without hesitation. but I'll give the trade time to develop.
Never marry the trade! Trade safe, be well.
- Omar Djurhuus
Gold Terra - 2021 - DailyAbout Gold Terra's Yellowknife City Gold Project
The YCG project encompasses 800 sq. km of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, Gold Terra controls one of the six major high-grade gold camps in Canada. Being within 10 kilometres of the City of Yellowknife, the YCG is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power, and skilled tradespeople.
Centamin Breakout of Cup and Handle Technical PatternLong term target of 360-370 over the coming years.
Mining on The Run - GPL Looks Good AgainI invested in GPL as it was an essential mining company for precious metals. Considering the price of precious metals are skyrocketing, so are the mining companies stocks. Great Panther silver has recently turned from a down trend to an uptrend. Just waiting on a retest of a trendline or a fib level before I sell some indecisive stocks and place them on GPL.
BEAM, where are privacy coins going this YEAR?2X??FA:
Mineable Coin
Privacy coins are going through a make or break year in terms of regulatory terms
Making strong progress in terms of Mainnet, Wallet development and introduction of Atomic Swaps
Venture Capitalist Backed Funding (Sell Pressure at highs)
TA:
FIb Retracement shows we can expect further upward movement and then some downward pressure
We can use the retrace to buy in LONG or enter it as a breakout trade
If it leaves this channel then we will be bearish
Has a Bullish Flag Pennant, therefore we can expect a strong pump if it holds
However, it is a wide bullish flag, suggesting that sellers do not wait to sell at highs, which is not good to see when investing in something long term
As usual, enjoy charting for you guys PLEASE SHARE/LIKE/COMMENT
-Megalodon Whales (Rahim)
BINANCE:BEAMBTC BINANCE:BEAMUSDT BINANCE:BEAMUSD
Stay safe, this is not financial advice btw :p
AUY: Another Channel Trading Gold StockSimilar to a few gold stocks , AUY just keeps treading water. I'm looking for these gold names to start moving (in one direction or another at least). If they finally break down, I can stop watching. But something tells me with the slower growth in global economies, it might not be time to ignore gold right now. Obviously we'll see but for the time being, can AUY actually set a firm push above this channel in the near term?
QUOTE:
"Its Jacobina site posted record quarterly production of gold as well as all-time-highs for full-year production. The company will release its full financial results after the market close on February 13 followed by a conference call on February 14. Will this be enough of a carrot to dangle in front of gold-stock investors between now and then?"
QUOTE SOURCE: Are These Gold Stocks Ready To Breakout In January?