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First Majestic: Room for Maneuver 🤏First Majestic is still wading through the turquoise zone between $12.36 and $6.89 to finish wave 2 in turquoise. To achieve this, the course still has got some room for maneuver – at least until the bottom of the turquoise zone. However, it also might have already completed the current movement, thus continuing the ascent. As soon as that is the case, we expect First Majestic to climb out of the turquoise zone, heading for the resistance at $19.41. There is a 45% chance, though, that the course could drop out of the turquoise zone and slip below the support at $5.30. Should this indeed happen, the share should develop a new low in the form of wave alt.2 in green near $2.91.
TSX:AG
by MarketIntel
Turn-around on the horizon? On the heels of news they've finally reached the gold deposit, it looks like this one is attempting to break out of the long-term downtrend. The price has back-tested the log-scale trendline (resistance now becoming support), and the next major resistance is the 0.786 fib level at around 20 cents. The fib levels have all acted as resistance on the way down, so they should be significant on the way back up as well. The week closed above the 50-week EMA, and the indicators are starting to indicate positive trends (KST indicator is now in positive territory and 13/48 MACD is just about there too). Good volume candle to end out the week as well. Heikin Ashi candles were used for better visualization of such a thinly-traded stock. Wishing good health to all, TZ
NEO:OMMLong
by tradingzebras
Assets are worth 2x the market cap (holds 46.7M shares of NFG)PALI market cap is $125M. Holds 46.7M shares of NFG, currently worth $230M + other assets. ----------------------------------------------------------------------------------------------- PALISADES ANNOUNCES HIGH-GRADE GOLD ZONE DISCOVERY BY NEW FOUND GOLD, INTERCEPTING 72.2 G/T AU OVER 9.65M VANCOUVER, BC, March 1, 2023 /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI) ("Palisades" or the "Company") today announced that New Found Gold Corp. ("New Found"), a significant equity investee of Palisades within the meaning of applicable Canadian securities legislation, has announced the discovery of Iceberg, a high-grade zone located 300m northeast of Keats Main along the highly prospective Appleton Fault Zone ("AFZ"). New Found's 100%-owned Queensway project comprises a 1,650km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.
TSXV:PALILong
by wealth_bakery
$178M mkt cap company signed $545 Million Partnering AgreementCup & Handle breakout as this company is getting re-rated after recent news release... Green Impact Partners Announces $545 Million Partnering Agreement Calgary, Alberta--(Newsfile Corp. - February 21, 2023) - Green Impact Partners Inc. (TSXV: GIP) ("GIP" or the "Company") is pleased to announce it has selected Amber Infrastructure Group ("Amber Infrastructure") as a strategic partner on its GreenGas Colorado, Iowa RNG and Future Energy Park projects, representing up to $545 million in total investment for a 50% project-level equity interest in each facility. Based in London, with offices in North America, Europe and Australia, Amber Infrastructure is an infrastructure investor with over $8 billion in assets under management. All of the documentation for the various agreements with Amber Infrastructure is being held in escrow and will be released and come into effect upon Amber Infrastructure advancing the purchase proceeds under the unit purchase agreement in respect of the GreenGas transaction described below, which is anticipated to occur on February 23, 2023.
TSXV:GIPLong
by wealth_bakery
BNS Momentum Trade " After Earnings"TSX:BNS After we are clear of earnings, I'll be looking for the price to pull back to the Nov 28 resistance of 71.50 near the 50 SMA and 50 EMA (old resistance becoming new support). If we can get confirmation with a reversal pattern double/ triple bottom or inverted Head and Shoulder, I'll be looking to enter with Real Life Tradings momo indicator. Stop loss will be placed just below the reversal pattern and the target will be at 100 WMA near $79.00. I have a few concerns with hitting our target: 1) We might have the 200 SMA as resistance. 2) If The 50 WMA backs up the current resistance at 74.30. If we are able to break through both resistances this could be a good 2.5r - 3 r trade. If we fall through the 71.50 level, I'll be looking for a similar setup at the 69.00 and 65.00 areas. Remember to always manage your risk when trading and have a stop loss. Happy trading!
TSX:BNSLong
by DustinL89