JAN trade ideas
3p / 3.69p resistance 6p big target / strong catalystsJangada is a great top invesment:
BoD aligned with shareholders holding most of the float
6p warrants due to expiry in October 2020
Have 26% of Volare Metals valued at around $5.5m for Jangada Mines
Valore Metals also own Pedra Branca PGE (great asset) & drilling over summer.
Jangada catalysts:
7 holes assay results to come back soon
JORC estimated resource
PEA
Possible 2.25p retrace entry - 3.81p targetLooks like a 2.25p possible entry for a retrace
2.85p resistance but if broken above 3p then I can see easily a target of 3.81p before it takes a breather...
I no longer hold this stock & sold at small loss. I will evaluate at some point once trend reversal is fully confirmed above 3.81p where it is 50% of the big retrace move.
Look for double bottom - good signals at moment for reversalWill look for a double bottom to do a bullish divergence before a stronger bounce.
Quite oversold and should start building momentum very soon. news will also help to bring extra sentiment.
some bullish divergences happening bit by bit as buying volume comes.
a few MA's to break on the upside so it might take a while to adjust but eventually it should start reversing.
non-bias as I don't hold any shares but see an opportunity coming very soon.
