TradingView
InnerMotionTrading
Apr 11, 2022 4:06 PM

Mild Bullish Divergence in LGDTF Long

Liberty Gold CorpOTC

Description

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.
Comments
HeapLeach
Note CEO Cal Everett has been buying in the open market, most recently last week +30,000 shares.
InnerMotionTrading
@HeapLeach, thanks for the update! I bought some more last week.
HeapLeach
2mn oz on the books....tons of drilling this year......this is a double waiting to happen... resource update in Q3
InnerMotionTrading
@HeapLeach, Cool - thanks for the input. I don't follow the fundamentals on this at all, so this is very helpful.
More