CKGNow that's what i call a discount ! CKG is trading at bottom basement prices here... almost free for a company with a massive gold and silver deposit . Add that one to my bucket !
chesapeakegold.com
CKG 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 Monthly Log ChartLooks to have bounced for a 3rd time on right hemisphere of arc.
11$ target Q3-Q4 2021.
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 bouncing off the 200 SMA and breaking out of the channel Im really liking how we are staying above the 200 SMA- looks like we want to break out of this channel any day now
4.51 next resistance (50% fib) then 4.66 (Aug 2019 high). 200 SMA support at 4.36.
$CKG- 526M ounces of silver!After the latest bull flag, I think we bounce off the 200 MA and go to around $9.
Like $DSV? Then you'll love $CKG. MCap Oz Ag Ounces per dollar
$CKG 248,776,788 526,000,000 2.11
$DSV 483,960,967 595,000,000 1.23
BONUS: CKG HAS 18.5M OZ GOLD!
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.
CKGbit of more volume to chew thru, nice move for a general down day. O3 mko holding out well thus far
