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Double Bottom Reversal Pattern: Ready to AscendValue-Finder This chart pattern shows a double bottom formation, where the current price has hit a low point twice before rebounding. The pattern is currently at the low point of the second bottom and is indicating a potential trend reversal. This chart pattern suggests that the asset is now preparing to ascend to a target price, making it a good idea to consider a long position. This double bottom reversal pattern can be a bullish signal and may provide an opportunity for traders and investors to enter a position with a favorable risk-reward ratio. Possible Downside Our trade idea is based on a double bottom formation that is currently positioned for a bullish trend reversal. Since March 2020, the price has been following an upward trend line and has bounced off this line multiple times as it continued to serve as support. However, during March 2023, the price broke below the trend line, forming the second bottom. While we anticipate a rally, we must be prepared to face headwinds as we approach previous support that has now become resistance. As such, we recommend monitoring the price closely as it approaches the $85.44 - $87.43 area and considering exiting the trade or taking early profits. This trade idea offers a favorable risk-reward ratio and the potential for significant gains. Trade Predication TSX:TD Time frame: 17/March/23 - 17/May/23 (61 days) Trade entry: $78.62 Price Target: $85.44 - 94.15% Potential Return: 8.62% - 19.75% Expected Target: $86.27 Expected Return: 9.73% Expected Date: 19/April/23 (33 days)
TSX:TDLong
by UnknownUnicorn13690023
5
HSTR LONG Heliostar is a junior mining company with a portfolio of high-grade gold projects located in Mexico and Alaska. The company intend to focus on the development of the 100% owned Ana Paula Project located in Guerrero, Mexico. Heliostar is also working with the Mexican government to permit the San Antonio Project in Baja Sur, Mexico. The Company continues efforts to expand the resource at the Unga Gold Project in Alaska, United States of America. The Ana Paula Project deposit contains proven and probable mineral reserves of 1,021,000 ounces of gold at 2.36 grams per tonne ("g/t") gold and 2,254,000 ounces of silver at 5.22 g/t silver.1 Ana Paula hosts measured and indicated resources of 1,461,800 ounces of gold at 2.17 g/t gold and 3,269,000 ounces of silver at 4.8 g/t silver.1 A Preliminary Feasibility Study was completed in 2017 and the asset is permitted for open-pit mining.1 The asset contains significant existing infrastructure including a portal and 412 metre long decline. San Antonio is a high-grade oxide gold deposit containing measured and indicated mineral resources of 1,735,000 ounces of gold at 0.86 g/t gold. A Preliminary Economic Assessment for Argonaut was completed in 2012. Unga is an advanced vein district containing the SH-1 gold deposit within a large, prospective vein field. SH-1 contains inferred minerals resources of 384,00 ounces of gold at 13.8 g/t gold. Insiders have purchased a total of 4,493,284 shares in the last 12 months.
TSXV:HSTRLong
by WolseleyFund
DBM is a buy under $6TSX:DBM pays a quarterly dividend of 0.14, which is 9.3% yield. It has fallen back to its September 2021 low, after retracing 50% of its bearish leg. It has heavy support (14 weeks worth) at $5.81 Could it fall further than that? Sure, anything can happen. But I think it is unlikely in the next week, as the ex-dividend date is the end of this week. Perhaps the dividend will be the catalyst to push it lower. I will probably accumulate a position if I can get it sub-$6 on Monday or Tuesday.
TSX:DBM
by ChemistNate
1
Good chance to get in now......with this still unknown Blockchain company instead of investing in Bitcoin! I have been working intensively with this company for more than four weeks and see a unique opportunity to get in right now. Based on the company's recent acquisitions, I expect that growth will be significant this year and that the break-even point will be reached or even exceeded. However, this is only an idea and not an investment recommendation. Penny stocks are subject to a large volatility. For more information about this company, visit their website at: wellfield.io
TSXV:WFLDLong
by DX-Trader
💾 Bank Of Nova Scotia Bearish | Cryptocurrency Can Save You!I like this bank, I personally use it and they have been around for more than 100 years I think... I can see now why they are panicking but should they be worrying after being around for so long? The market moves in cycles... After a crash down comes a wave up. Anyway, the main support for the Bank Of Nova Scotia (BNS) is the Fib. retracement level at 64.95. Closing below it will lead to a major drop leading to 56.78 as the next support. This can go on and on until the bigger cycle unravels completely. Many banks will die forever but many will survive, adapt and change, adopt some form of Cryptocurrency technology and continue playing this game. The ones that will survive will be the ones that are willing to change and adapt to the current times. The ones that will die will be the ones that refuse to accept reality. Life is always changing. Everything is always changing. Imagine how everything looked like just 50 years ago... Imagine 80 years ago. If the companies of the past did not adopt the technology, all technologies, these are gone. The companies that bought computers, the Internet, setup a website and email, are the ones that went to the top. Just as you needed floppy disks and an Internet connection through a land line to stay on top... In the present day, 21st century my friends, you need to accept Cryptocurrency to stay on top. Namaste.
TSX:BNSShort
by MasterAnanda
3