Copper futures at 9 year highs and all time high is around $4.65, FCX is the world's largest publicly traded copper producer. It is following the price of commodity. Demand for copper from renewable sector is growing as new power generation capacity addition renewable energy (China/India). Options - The March 19 $38 calls traded over 11000 times, over 34,000 in...
Watching the HBM hourly equilibrium setting up following a huge move on earnings. Key levels I'm watching right now are 6.71 resistance and 6.58 support
Hudson Bay Minerals is 50% off January high and mining not favorite for many but it's in small-cap under $10 stocks that can give good double digits this year. Turning up off baseline entry as copper futures are also turning around.
HBM entering support zone, I think it will jump back up a bit, accumulate and get back up more.
Adding to recent post. Weekly chart for perspective.
We had every reason to drop with today's market, but closed with a bullish hammer instead
The 100WMA should cross the 200WMA soon. I think HBM is going to rocket for the next few months.
In the daily chart it looks like it could turn around soon. Long.
The more I look at the HBM weekly chart the more bullish I become on this stock entering 2018
Price consolidating in 8th week after 50SMA X 200SMA
I do think 2018 will be a good year for this stock
20dma stalking 200dma like a cheetah stalks a gazelle