InnerMotionTrading

Mild Bullish Divergence in LGDTF

Long
OTC:LGDTF   Liberty Gold Corp
I don't know if anyone actually trades this, but I've been holding some bags on this piece of crap for a couple of years (don't ask) and check in on it from time to time.

It's been trading in a decent range for the past 6 months (give or take) and recently put in a new low at $0.66, creating a very mild Bullish Divergence . Its Correlation Coefficient to gold is currently near 0, but historically oscillates closer to 1 (as you'd probably guess).

This is not a prediction, and certainly not a trade recommendation, but if inflation keeps running hot and gold advances over the coming months, maybe this can catch a bid and head back up near $1 or higher. Alternatively, if there's follow through with the selling, I'd guess it will be trading sub $0.50 in short order.

Take all this with a massive grain of salt, and proceed with caution.
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.