CHPGF trade ideas
Chesapeake Gold Mail shareholders still is this stock. Management reinforced and Mr Pangbourne with a lot of money in this stock.
Consolidation ongoing, and with rising silver prices, this stock is going to explode - as hit has done years before.
Falling wedge, sinking volatility best signs.
Target first an min. 8 usd in 2022.
Chesapeake Gold Comp. - consolidation finished.Cheaspeake Gold Corp. has done a long period of consolidation.
Since August 2020 shareholders have seen descending prices. But - it seems, that most of them have lot of patience.
Various breakouts are done - missing only break-out of slow stochastic.
As normal, a sharp break-out of a descending Wedge is normal, as a correction afterward maybe back to breakout line.
All in all: great opportunity to reach 5, then 7 followed bei 10 CAD/Per Share.
21/05/24 Dan
CHPGF BUY/LONG NOW READY 3.00 to 7.00Technical Analysis
1. Pennant Pattern
2. Large Head & Shoulders
3. Fibonacci Retracement at 0.618 (Golden Zone)
4. Potential Pennant Breakout (incoming)
5. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
1st Take Profit: 7.00
ETA for Take Profit would be End of 2021 or Early 2022
This company will come out big, here's some positive news about them.
www.proactiveinvestors.com
Chesapeake Gold - Consolidation ongoingChesapeake Gold did a spectacular first move.
Now, consolidation phase has been set and is ongoing, harder than Silver has been hurt.
Weekly Chart shows an impressive falling wegde, corresponding with RSI & Slow Stochastic.
But:
Investors are still believing in this company.
OBV looks very stable.
No question:
Patience is required, suppose till april 21 ongoing.
But, with higher Silver prices (expect around 37 USD) huge movement expect due of great occurences/reevaluation in metates project.
Dan/07.03.2021/4.06 CAD
Chesapeak Gold - up and awyDue of fine consolidation pattern combined with possible 1-2-3 EW structure
very interesting situation.
Solid bottom established long time.
Yesterday also news published: New CEO, cooperation with technical company.
Looks very interesting, also due of strong Investors Skills (Mr. Sprott)
Dan
CKG - Building!Macro>Micro>TA
Macro - Gold and Silver are macro positive right now in the stagflation trade
Micro - The company has massive amounts of silver and gold at low grade but at the current gold price and soon to be silver price it is cheap.
T/A - a triangle is forming off the last run. lower highs and higher lows.
This stock had a pop from sharing a name with Chesapeake (mistake it for the energy company) and from the Sprott pump. The stock is a buy right now.