NAK Long IdeaLooking to limit buy NAK at $2.00. I think we get a retest of the trend line and $2.00 should be low risk to the downside.
NAK
EPA approval & Partnership news within 2017--> very BULLISHAMEX:NAK TSX:NDM FWB:ND3
NAK (Northern dynasty minerals) 100% ownership of the pebble project (pebble mine)
the following is just my opinion, you never know what happens :)
this month is probably the last chance to jump in.
- official EPA approval incoming, with pruitt its a done deal already! just formalities!| latest 14th Nov --> institutions jump in? spike to USD3+
- partnership news incoming, as per mgmt within 2017--> hopefully JV for 50% with an option for the other 50%! Maybe a consortium, and if we are very lucky BO | 50% for USD7 - USD9/ shares | BO USD15+
- permitting process incoming, starting end of 2017
the reason why we will get partnership news within 2017? The company has too little money left for the permitting process, and they already hired these guys:
"
Senior Vice President of Engineering and Project Director Stephen Hodgson (P. Eng.) will lead Pebble’s engineering and project development team, with responsibility for all aspects of project design, engineering and financial studies and regulatory compliance. He will be supported by Vice President of Permitting James Fueg (PMP, CPG), who assumes responsibility for all aspects of the project’s regulatory permitting team and process , including management of environmental and socioeconomic studies, liaison with federal and state agencies and active management of Pebble’s forthcoming Environmental Impact Statement (“EIS”) process under the National Environmental Policy Act (“NEPA”).
"
source www.northerndynastyminerals.com
- 33m short interest = ~10% --> short squeeze when we hit >USD3-4?
- biggest copper, gold, moly, silver mine found on this planet yet!
- safe mine design! no cyanide used. source www.northerndynastyminerals.com
- metal prices are rising, specially copper.
must read: very detailed report about this mine www.docdroid.net
NAK long updateStill long NAK, looking like a potential bounce off the multimonth triangle top line with a green close today. $NAK
NAK Setting up nicelyadded to position on the dip yesterday. Looks good even on the monthly. over the 50MA monthly. Fundamental traders will want to check this out as well.
NAK Breakout Long IdeaNAK is quietly breaking above the 75sma on the hourly chart. Poised to move higher. Looks to be leaving a bull flag behind. AB=CD could see a nice return up to 1.77.
SBGL Long IdeaLooking to trade SBGL long. with the 9ema above the 25sma this looks real bullish. Buy Today with 1st target price at the 75sma. Second target at the gap fill . TSI crossing the 0 line is bullish
Holding SupportThe Hourly 100 SMA is holding support for the Bullish Marubozu candle formed on Friday. #standtuned
$NAK is ready for a move on the upside.$NAK is ready for a move on the upside. It touched key levels of support and bounced back up after hitting the trend line.
Entry point: 1.48
Exit point: 1.97, if that key level of resistance is broken, hold until the next level of resistance is touched.
Stop loss: If the price goes below 1.23, a trend reversal will be confirmed. Below that point, sell your position.
Details to consider:
- This stock is prone to manipulation and massive dumping, be ready to close your position in case the situation turns bearish.
- It is wise to buy more shares once a breakout has been confirmed.
- Do not average down on your position if you are at a loss. Cut your losses short and have a clear stop loss exit point.
- The trend line has been consistent over the past months, so holding this stock for longer terms is possible.
- Have well defined entry and exit points if you are going to day trade this stock.
- It is a mining stock, meaning the exploration/drilling results will heavily influence future price action. Watch press releases very closely.
