LeLaf

CMMC.CA : Bull Flag (35%), Bull Flag (147%)

Long
TSX:CMMC   None
CMMA is a copper mining company with continued uptrend potential. Current inflation in all material prices and low availability will add to this upward momentum.

Left hand side graph shows a bullish flag, not confirmed, on the daily with a possible total gain of 35% for a price target of 5.19 CAD$.
Top right graph shows another flag, this one confirmed, on the weekly chart with a possible gain of 147% for a price target of 7.83$.

Both graphs are showing same flag paterns and bullish momentum.

Finally, the industry sector (Material) chart (bottom right graph) has broken through the 550$ resistance (red line). This makes an even broader statement into a bullish trend for the materials industry, increasing the chances of CMMC continuing this bullish trend.

Stay humble, have fun, make money!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.