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BARRICK MINING CORPORATIONBARRICK MINING CORPORATIONBARRICK MINING CORPORATION

BARRICK MINING CORPORATION

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Barrick Gold with potential 100% upside in 2021 Barrick Gold is way oversold and appears to have nice support in the $29-30 range. Daily & weekly RSI in the 40s/30s and trending upward, along with ascending 200 dma on the weekly which we're well above. I believe this will be the start of a year long uptrend IF volume appears soon and we can keep closing above ~$29. In order for this to happen, the gold chart cannot break down in the short term. We need to stay above $1800 for sure, and $1867 ideally. People are extremely cautious with gold right now... why buy it when everything else is going up and the JPM riggers and central banks are hard at work keeping gold down? But we're at a precarious point in time with Covid-19, all this money printing, disinformation and speculation/greed at recent or all time highs... and people know this. People know that gold is going to go up; theres just no rush to be in it... until there is. Gold looks to me like its nearing a major breakout toward all time highs. I am fairly confident that it will happen this calendar year, and when it does, Barrick will rip through $40 and approach all-time highs in short order. Recent copper price appreciation will also help reduce their costs significantly. They produce a lot of copper. Long from $29.50. Stop Loss at $28.20. Cheers
TSX:ABXLong
by mk5brown1994
Swing Trade: Barrick Gold Corp.(GOLD) breakout setup 📈Hi fellows, just one of my today swingtrades: Nice setup for breakout . ------------------------Trade setup --------------------------- Entry: 24,80 Stop Loss: 23,83 Profit target: 27.73 Time stop: 5 days ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
NYSE:BLong
by Tomasgei
4
BUY $GOLD - NR Picks Ene 03ES: Barrick Gold Corporation se dedica a la exploración, desarrollo minero, producción y venta de propiedades de oro y cobre. Tiene participaciones en la producción de minas de oro ubicadas en Argentina, Canadá, Costa de Marfil, República Democrática del Congo, República Dominicana, Malí, Papua Nueva Guinea, Tanzania y Estados Unidos. La empresa también tiene participaciones en la producción de minas de cobre ubicadas en Chile, Arabia Saudita y Zambia; y varios otros proyectos ubicados en las Américas. Tiene un acuerdo de alianza estratégica con Reunion Gold Corporation. Barrick Gold Corporation fue fundada en 1983 y tiene su sede en Toronto, Canadá. Fundamentos: - 3.5% por debajo de su valor real - P/E 13.7x vs 14.8x Industria - P/B 1.8x vs 2.9x Industria Técnicos: - RSI < 50 - 10% por debajo de MA 200 El oro es visto como un activo refugio y meses atrás cuando lo mercados estaban muy volátiles, muchos inversores decidieron iniciar posición en acciones relacionadas. Haciendo que en agosto toque nuevos niveles de máximos históricos desde ese momento ha resistido bastante bien los $1800 y gracias a este desempeño ha permitido que empresas relacionadas acumulen efectivo para aligerar su carga financiera. Cabe resaltar que GOLD en cuanto a sus ratios fundamentales es una de las más sostenibles de la industria. Si bien es cierto el mercado las últimas semanas ha marcado una tendencia alcista creemos que la volatilidad permanecerá por los siguientes meses. EN: Barrick Gold Corporation is engaged in the exploration, mining development, production and sale of gold and copper properties. It has interests in the production of gold mines located in Argentina, Canada, the Ivory Coast, the Democratic Republic of the Congo, the Dominican Republic, Mali, Papua New Guinea, Tanzania and the United States. The company also has interests in the production of copper mines located in Chile, Saudi Arabia and Zambia; and several other projects located in the Americas. It has a strategic alliance agreement with Reunion Gold Corporation. Barrick Gold Corporation was founded in 1983 and is based in Toronto, Canada. Fundamentals: - 3.5% below its real value - P / E 13.7x vs 14.8x Industry - P / B 1.8x vs 2.9x Industry Technicians: - RSI <50 - 10% Below de MA 200 Gold is seen as a safe haven asset and months ago when the markets were very volatile, many investors decided to initiate positions in related stocks. Making it touch new levels of historical highs in August since then, it has withstood the $ 1800 level quite well and thanks to this performance it has allowed related companies to accumulate cash to lighten their financial burden. It should be noted that GOLD in terms of its fundamental ratios is one of the most sustainable in the industry. Although it is true that the market in recent weeks has marked an upward trend, we believe that volatility will remain for the following months.
NYSE:BLong
by NewroadTrader
GOLD (BARRICK) before a 75% increase.GOLD (BARRICK) before a 75% increase. The analysis shows that the price movement of Barrick shares around the wave axis has become symmetric. This suggests two things. 1. The calculation of the wave axis is in a good place :) 2. The price movement has reached the strong support level (since this level is the minimum level of the wave amplitude) so I assume the price movement starts to rise. It can also be seen that an accumulation movement has also developed in this correction range, so further upward movement is expected. If I consider the fractal rules, then apparently the fractal formed on the symmetry axis can be further built. My final conclusion in the price movement is a rising wave sequence with a target price of 40 usd.
NYSE:BLong
by meszaros