whats thisGiven the number of red days in a row here, I think that it's probable to assume that a {double-bottom} may provide a bounce to reverse the trend. If it fails, then one could look for placing a bid at around the $9 mark.
$lun.to
LUNMF trade ideas
Two Possible Outcomes Feeling bearish on this at the moment. Strength Divergence. The OB at S2 is going to be incredibly strong and would make for an amazing long entry. If we do not dip that low I predict sideways action before coming up on the resistance again.
Either way this goes there will be setups to swing trade with.
Lundin Mining - WatchListCandidateWatch and see if the analysis is correct although I would still miss a low. If we can count with 12345 of the wave (1), then I will examine the correction pattern of the wave (2) with abc in more detail, in order then to find the entry and take the wave (3). But this will probably take several months.
Cobalt mining stock set for entry off weak volumeTSX: LUN LUN
NYSE:LUNMF LUNMF
Lundin Mining is a mid-cap mining company that will benefit from rising cobalt prices and demand.
Waiting for bounce off likely 4.55 for entry, or 4.35-4.40 range, and not likely lower $4.06-4.10
Fib retracement. RSI going above 50 with 1w chart shows good entry with lots of scribble correlation.
Sorry for the business, I mean busyness here.
Cobalt value is strong and demand for electric batteries also very strong. Recovery as major player
in this area is prominent.
For own use. Put to use idea, comment or like, but review on Friday Sept. 14th.
longbuylongsell chart with blue-black courtesy of @MarxBabu.
