Description
⋅ GROY does mine rentals as its business ( royalties) it collects rent in gold or gold ore. Business
has been good the recent earnings report was a beat with guidance for significant increases
in revenues in the near and intermediate term. Volume and price product ( PVT) is rising.
The MFI+RSI+ MOM shows all three measures as bullish. I will initiate another long trade here.
I have traded GROY in the past as seen good cause to take a position again. My target is 5
at the level of the neckline of the head and shoulders all time highs.
Comment
⋅ Buying call options on a down market day to get a discount ( strike $2.50 for mid-October) weekly chart here to show ATH and rationale for the target.
Comment
⋅ Price fell today with a general market especially technology sell-off- Added 50% to
the position.
Comment
⋅ Comment
⋅ GROY finished out the week moving up. Full position held.
Trade active
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