Get started
NEO formed a triple bottomNEO (Canada) is engaged in the extraction and production of rare earth metals, etc. Other similar companies are e.g. Lynas (Australia) and MP Materials (USA). My post is preferably a technical analysis. Neo has been in a declining trend and is still so as the SMA 50 is below the SMA 100 which is below the SMA 200 but they converge. And there is formed a triple bottom, which is a reversing formation (1,2,3). If we get a significant break above the resistance line at 9.04 there is a buy signal. Conversely, if break down at the support line 7.94. There has been a poor correlation between price peaks and volume peaks, but since the end of June the volume balance has been positive. RSI 21 follows price and OBV rising from end June. The sum of Oscillators and MA stands one day to one week on purchase and one month on sale. Consider the stock technically neutral in the medium term – one to 6 months. Fundamental analysts (5) are predominantly positive about the stock and have a price target of CAD 13. NOTE! Liquidity is slightly low at an average of 62,414 per day. NOTE! There is a geopolitical risk as part of the business is in China. 32% of turnover comes from China. Keep in mind that you need to do your own research and assessment before buying and selling. Disclaimer: I have a position in the stock. Sources: Trading View, Yahoo Finance.
TSX:NEO
by scorpiris
Long on Canadian. Demand zone failed. Risk management The trade setup. Anytime I enter a trade, key word is trade management. How much am I willing to risk is my first calculation. comparing to my Reward, yield a risk management. In this case I was willing to risk 8 to 10 points for a reward of 20-30 points. a ratio of 2.5 is ok, but I would like to see a Risk Reward of 3-5 Why I took the Trade. The odd Enchanters - the Stock is Strong one, making a Higher High (HH) in June-2021 - the correction drops into the DZ that is HL of the Week uptrend - Imbalanced selling into a DZ; nice Things I can improve on - time my Enter of the LNG to be tighter (less risk) Things I learned. - The Long-term (M) was not with me, meaning technically the monthly chart(M) was in a downtrend. this actually violated my trade plan but I took the trade anyways - Before the correction. Price did make a HH on the (W) but not a Higher Close (Red Circle);indicating slowing buying momentum
TSX:CTC.ALong
by greatful-me
FRFirst Majestic for Canadians . I posted an idea on AG a while ago and i wanted to do the canadian version for my own reference . FR has been through quite a few bouts of bad news dealing with the mexican govt which has added to the weakness in the stock price over the last year . They still have a significant amount of proven reserves , are diversifying , maintaining their dividend and actually produced more silver last quarter . Still plenty of issues but i feel the stock has been beaten down and all the bad news is in the price already . Im betting on a rise in the silver price to get this baby lit . It has completed 3 major waves down into fib support and is reacting with an upward move . I already own this but might be adding more soon . Looks decent here .
TSX:AGLong
by SilvaBull
NUAGNew Pacific Metals has been inside the "accumulation zone" for quite a while now . These sideways moves of 2-3 months or more is where accumulation or distribution takes place . How do i know it's not distribution ? I dont ... it's a guesstimate based on a bullish silver scenario . Also i am fairly bullish on Bolivia given their recent mining friendly stance , also Peru , but Mexico is questionable so im shying away from investing there . This company is solid and a good one to own imo .
TSX:NUAGLong
by SilvaBull
RSLVMore knife catching here on this edition of "silver moonboys initiation 2.0" ... Let's just file this one under "it's got silver in the name" lol . Hey we all like to gamble and seriously if silver takes off as i expect it to this thing will probably be a 10 bagger ... remember , bet small , you can always add more later if this pans out . Getting your feet wet with a small bet gets it on your radar for now . It looks decent technically with a 5 wave descending triangle . Worth throwing a few bucks you can stand to lose at . ;)
TSXV:RSLVLong
by SilvaBull
Is it time for numinus to break out?Notice and disclaimer no financial advice; if you invest, you are investing with your own money for which you are responsible and; you can lose 100% of your money; Historical returns are not equal to future returns; no medical advice, go to the health professional you trust for medical advice. This is for the purpose of knowledge sharing and entertainment. Best analysis in 3 points from an overall level; Numinuswellness has been in a declining trend since January 2021 i.e. about 2.5 years; Normally, stocks that are good tend to turn upwards after such a downward period; bear markets usually do not last longer than 2-3 years as a rule before trend reversal occurs; We see numinus tried to break 0.25 Cdollar, next step will be 0.30 and 0.40 after that we have a confirmed trend reversal. We do not yet know if numinus will stay sideways for a while longer; But much of the psychedelic medicine industry is showing positive fundamental results; Numinus sales increased by 1000% year on year last quarter and 19% quarter on quarter. If now numinues went from 0.20 to 2.2 dollars in 2020, it has the potential to take that record with proper measurement this time as the position for such a move is stronger in the economy and the belief and evidence that the products and services work. I think 16-24 Cdollar is quite reasonable for the next peak trend and the peaks after that will be up to 30,40,50, 100 Cdollar. The mania is probably at its peak and many will take profits regardless of fundamental results. Another exciting fact is that numinus wellness is engaged in research on psylocobin fungus and even has experiments on those who have schitzofrini and bipolar diagnoses in a medical context, which we did not see 5-10 years ago. They also have a podcast that is appreciated where they give a balanced view in the field. Numinus has also become a partner with MAPS to do studies and work together with mdma and psychadelic therapy, MAPS is the largest psychadelic non-profit organization. I think we will reach 16-24 dollars by 2027. Conclusion: it will be exciting when the numinus breaks out of 0.30 and 0.40; as well as a very exciting industry that is demonstrably growing and has the chance to flood in the near future in the next few years. Sources: psychedelicinvest.co...rts-q3-2023-results/ numinus.com/research/ numinus.com/podcast/ numinus.com/mapspartnership/ www.youtube.com www.youtube.com
TSX:NUMILong
by Prosperitycharts
1
DSVDiscovery Silver recently tested extra long term support on high volume . I'll admit this one is a long shot because they have a lot of hurdles to jump over to get their mine approved in Mexico . That being said i believe the time to buy is when all the bad news is out and things can only get better . Patience required on this one . We may see another retest of .70 but im prepared to hold as i am just getting my feet wet here with a small investment . The wave structure looks to be close to finished and i am hoping to see a move higher soon .
TSX:DSVLong
by SilvaBull
INXD Continues Climbs Amidst PYUSD Launch, Banking LossesWhen markets opened on Tuesday morning, sentiment was soured by Moody's placing the credit ratings of six large US banks under review. This news made investors anxious about the overall health of the banking industry, and as a result, stock prices went down, especially for Wells Fargo (NYSE: WFC), JPMorgan Chase (NYSE: JPM), and Bank of America (NYSE: BAC), which saw drops of 1.3%, 0.6%, and 1.9% respectively. This drop in both banking stocks as well as US market indices made investors take a closer look at what was going on in the crypto market. With the ongoing battle between regulatory bodies like the SEC vs major exchanges like Coinbase and Binance, investors are thinking twice about the inherent value of a regulated approach to DeFi. That’s when some movement was detected on INX stocks, with NEO’s INXD surging by 8.8% and its OTC ticker INXDF skyrocketing by an impressive 32.88% In my opinion cryptocurrencies are often considered a hedge against inflation, safeguarding against the erosion of consumer and investor purchasing power during periods of rising interest rates. Amid global economic uncertainty alongside the ongoing fight in US courts regarding regulatory compliance for leading crypto exchanges, fully regulated services are now starting to be demanded within the industry. This alone could be one of the catalysts that has contributed to INX’s ongoing gains over recent weeks. In addition to the injection of some bearish sentiment into the market due to Moody’s announcement, PayPal's introduction of the stablecoin PYUSD has reverberated throughout the cryptocurrency landscape. Notably, this casts a positive light on the prospects for INX. The launch of a stablecoin by a mainstream FSIB company like PayPal underlines the increasing emphasis on legal compliance and regulatory adherence within the crypto market. So on one hand, Paypal launching PYUSD and the regulation battle play directly into the strengths of INX, positioning it as a frontrunner in offering regulated and compliant crypto services. By already adhering to these regulatory standards, INX stands to benefit from the growing demand for trustworthy and legally compliant crypto platforms, elevating its appeal as a secure avenue for both retail and institutional investors looking to participate in the evolving crypto landscape. In addition, last week Zacks SCR published an analyst report for INXDF in which they wrote: “we want to reiterate that we believe this market that INX has a developed, regulated platform for, is on the cusp of exploding” before saying that INX’s sp has >100% upside over a 12-month horizon. This aggressive PT takes into consideration the fact that Republic Group invested $5.25 million in INX at an approximate $50 million pre-money valuation, with talk of a potential 100% acquisition with a $120 valuation ceiling on the table. In conclusion, it is clear that a big sector of the crypto market is being attracted to a new way of doing things, a way in which regulatory compliance play a role both in protecting investors and making sure that no illegal transactions are being made under the SEC’s nose while their hands are tied on their backs. This doesn’t mean that INX’s sp will continue to rise indefinitely, but the several catalysts that happened in the last couple of months have for sure impacted the value of both their tickers and they are setting an uptrend that in my opinion, is just getting started.
NEO:INXDLong
by OldBayTrade