CXBCalibre Mining made a new high recently and is in a pennant correction . Very bullish . The green line above is major resistance area for TP or trend continuation breakout .
CXB trade ideas
Calibre Mining (USA: $CXBMF) Looks Opportunistic In The New YearCalibre Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in Nicaragua. The company primarily explores for gold, silver, and copper deposits. It holds 100% interests in the El Limon and La Libertad gold mines, the Pavon gold project, and other mineral concessions in Nicaragua; and the Borosi Gold-Silver-Copper project located in the North Atlantic Autonomous Region of Nicaragua, Central America The company was formerly known as TLC Ventures Corp. and changed its name to Calibre Mining Corp. in June 2007. Calibre Mining Corp. was founded in 1969 and is headquartered in Vancouver, Canada.
Rising starGold had been on a ride for a while now. This is a very solid company with enormous potential... check their strategy and developments and recent discoveries... mind blowing potential... IMO one of the best mining stocks out there for long investments... cheers
Calibrelooks like a good entry spot with tight stop, have to jump in at some point if yas in the game. Peeps are panicking and pulling the cash out and spending, boat,home sales, lumber ... all booming as they fear heavy inflation so go buy it now and get a tangible asset. 1/2" plywood in canada at $60 sheet .....
CXB reaching strong support line possible bull afterJust my idea of coming months for CXB... after a November election high spike the bearish signal is slowing down and if support line holds it this coming weeks, the bullish trend is possible if the gold has a bullish momentum at the same time... This is just my opinion, not a suggestion so lets see how this plays out... Happy trading everyone
