The time will comeIt might become a 20$-Stock like Chapman said..
but until then.. you have to preserve your capital..
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Stan Weinstein's method of trading stocks focuses on identifying a stock's position within its four-stage cycle: accumulation, uptrend, distribution, and downtrend. His strategy emphasizes buying stocks in the uptrend stage, where they break out of consolidation with high volume and continue above the 30-week moving average, signaling a strong upward momentum. Weinstein advises selling once the stock enters the downtrend stage, as it drops below the 30-week moving average, thus minimizing losses and preserving gains.
GLO trade ideas
Breakout into 155% measured move?OTC:GLATF TSX:GLO 's counter trend downward broadening wedge is testing its breakout. Fundamentally, the coup in Niger has kept this near term #uranium producer back, but it's time to catch up. We're looking at a 155% measured move based on the bottom of the wedge to the top.
The time frame here is generated via the falling wedge's staff overlayed at the point of breakout. This projects into 2025 which will likely coincide with some of the first pounds produced or reported.
This move has potential to be far more violent and sudden given how much this one has lagged and with consideration to being one of the few near term producers.
So long as the geopolitical issues relax (ECOWAS is rumored to be relaxing sanctions), we're looking good.
GLO - Ascending triangle; bullish on uraniumPossible 20%+ gains over the next 4 monthes:
- Favorable political conditions;
- Bullish; ascending triangle.
This content is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. Investment involves risk.
What a beauty - GLO (Too expensive right now?) - Global AtomicWhat a beautiful run that was from the lows last year. It's still not getting much love from many investors (maybe it is becoming to expensive compared to the actual results) but if they can deliver on their DASA project in Niger and go into production with the estimated $35/lb while uranium prices are at $100+ (wild guess :) it might have a lot of runway ahead... To me it's a keeper. $GLO