Can DBM reach $9 range?I'm not a technical analyst, but have been observing this stock for a while.
It dipped after dividend payout as expected by speculators, but quickly recovered to the pattern.
Meanwhile, waiting for it to escape the flag so it goes up (hopefully).
Please let me know how you feel.
Breakout from descending wedgeVolt share price breaking out from descending wedge among recent good news that they've lowered their all-in sustaining LCE production to <$3000/tonne (this is much lower than other projects, such as Thacker Pass).
Their Rainbow Lake project NPV is $1.5B, but that is effectively the tip of the iceberg for this company, as Rainbow is just a blueprint that can be applied anywhere. They plan to be the first commercial producer of DLE. I am very bullish on this stock.
Galaxy Digital.Galaxy Digital Holdings Ltd. is showing strong potential for growth, supported by its solid financial performance and strategic expansion in digital asset management and mining. While the current technical indicators present a mixed sentiment, the overall long-term outlook remains bullish. Investors should consider entering a long position if the price confirms an upward trend above the 10-day EMA, with a well-placed stop loss to mitigate risks. For those considering shorting, monitoring the price action around the 10-day EMA and setting a conservative stop loss is advisable. With the company's aggressive growth trajectory and favorable market conditions, Galaxy Digital remains a compelling investment in the crypto space.
1-Year Price Target:
Average: CAD 19.97 (+27.01%)
Max: CAD 23.01 (+46.34%)
Min: CAD 17.98 (+14.36%)
Long Position
Point: CAD 15.75 (just above the current price to ensure confirmation of upward momentum)
Target Price: CAD 19.97 (27% upside potential)
Stop Loss: CAD 14.05 (just below the 100-day SMA to minimize loss)
Short Position
Entry Point: CAD 15.68 (if price drops below the 10-day EMA indicating a potential downward trend)
Target Price: CAD 13.75 (next support level based on Fibonacci retracement)
Stop Loss: CAD 16.50 (just above the Ichimoku Base Line to prevent excessive loss)
RUA LongRUA has broken through the 236 again, watching here to see if it can hold, will target the 382 and 50 if it holds. Gold miners across the board have rallied, but of course watch the price of Gold.
NRX - Nurexone trend analysis since bull run commencing in 2023Having a look at Nurexone trends alongside Point of Control & Ichimoku Cloud indicators. Current bullish pennant formation detected following a successful Downward Wedge.
*Next move: Trace Fibonacci retracement, indicate loss % between ATH and support levels, future projections
DMGI Hidden Bullish DivDmgi just formed a hidden bullish div on the weekly time frame. Bollinger bands are also getting very tight. Has a higher probability to shoot up rather than down. TA would be invalid if weekly candle closure happens beneath 0.485 price mark. Should give atleast 10% minimum gains if one decides to take a position.
Not financial advice. Follow at your own risk and after conducting your own due diligence.
Potential Bottom on BWLKGood Day Traders,
I've been watching this for a while and waiting for a potential reversal, currently developing Weekly Bullish Divergence and regain of recent local levels lost.
Looking for continuation up and hold 0.2 handle on TSXV:BWLK for continuation up to previous failures.
Have a nice day