SCAMP ITGraphite will play a key role in the green future - Long mine life and good roadmap/plan to production imo - send it!
BKT trade ideas
Black Rock Mining - a TA RequestThis TA is done based on a request. I have taken a longer time frame chart assuming that the request is based on a longer term investment decision. The weekly chart shows the price action is currently at the all time high & faces resistance in the short term. RSI also shows divergence. This means that interested buying may pause to allow for the price to correct. The company operates in Africa & overseas risks must always be considered in making such investments
BKT | upside to come hey traders,
looking at this correction being complete. the resulting play out should be an impulse to the upside
regards,
TM
ASX:BKT - Potential 70% playI like the look of BKT here, my trading plan is as follows.
My reasoning:
Location: Reload zone
Structure: Double bottom off the 786
Divergence: Confirmed div in histogram and willy (coming out of stupid). RSI is bullish, looking to cross 50. "W" in OBV about to cross 13EMA.
Trend: Break of bearish trend commencing June '19
VPVR: Retracement lining up with the POC
Gap below: Nice entry location
Looking to buy in the green box as an optimal trade entry - "reload zone within a reload zone". Red box will be the target, lining up with the top of VPVR value.
Side note: Similar play and setup to the ASX:PLS analysis posted below.
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