A flag is a flag, right?I am not a big fan of buying just before earnings, but let's see how this flag looking formation plays out.
CMCL trade ideas
CMCL a junior GOLD miner moves on spot gold uptrendOn a 15 miunte chart. CMCL is seen trending down and then reversing while
traders seek to sync it to the price action of spot gold. The chart demonstrates
price reversing on May 2nd out of an anchored VWAP breakdown into a
rubber band reversal into a cross of the mean aVWAP. The movement of the
PMO ( Price Movement Oscillator) confirms the reversal into a trend up.
The ZL MACD shows a histogram flipping negative to positive with the
signal moving over the mean MACD. The last of the trading week shows
a big engulfing candle with a volume spike for me that spells momentum
straight out and simple
All in the all, I see price moving to a target of 12 over a period of a few days based on the
angle/slope of the trendline. In the context of the gold bullrun and the concept of a rising
tide being capable of lifting all ships, I see this as a very safe trade yielding
potentially 4% over a few days. This is more than acceptable given the chaos
and whipsaw action of the general market. If you find this idea helpful.
please like and follow and perhaps message me for a referred link to
TV pro. Trade well after DYODD !
Buy $CMCL - NRPicks 11 JunCaledonia Mining Corporation Plc is principally engaged in the operation of a gold mine. The company also explores and develops mineral properties for precious metals. Its principal asset is the Blanket mine, a gold mine located in Zimbabwe. The company was formerly known as Caledonia Mining Corporation.
The company produced 13,197 ounces of gold during the Quarter, exceeding expectations. Caledonia remains on track to achieve its production guidance of between 61,000 and 67,000 ounces for the full year.
Gold appears to have entered a new cycle, so $CMCL is an attractive stock, holding an interesting level in the $12 to $14 range.
The company reported 32% revenue growth in 2020, 49.4% EBITDA Y/Y and net income of $20M.
CMCL Trending UPPower Play is 'ON' ...
Bought in the morning of Jan 4th; looking for more upwards price action.
A longer term play here as the Daily & Weekly timeframes are showing good up momentum.
Love these plays
- a smaller cypher pattern
- with a retrace to C at the 72.8% level
* which is a great play but a risky one
* I like to wait for more confirmation
- the smaller pattern is wrapped within a larger cypher pattern
Caledonia Mining Breakout Alert Alert set for break above $8.77 for possible long.
Caledonia Mining Corp. Plc engages in the mining, exploration, and development of mines. It operates through the following geographic segments: Zimbabwe, and South Africa. The Zimbabwe segment comprises Caledonia Holdings Zimbabwe Limited and subsidiaries. The South Africa segment comprise a gold mine, that is on care and maintenance, as well as sales made by Caledonia Mining South Africa Proprietary Limited to the Blanket Mine. The company was founded on February 5, 1992 and is headquartered in St. Helier, Jersey.
