Since the end of 2018, gold
miners started a new bull trend (weekly chart). Sandstorm followed the same path up until the midst of February 2020. There is a clear divergence between Sandstorm's price and the RSI
. The RSI
was showing that the stock was giving up momentum.
Price has just touched weekly supply zone
. I see more selling pressure in this stock. A good target could be in the level of $2.50 and $3.00
We will see.