Another interesting UK small cap to keep an eye on, for a possible long.
This is a counter trend trade, however we think the shares are now undervalued on a fundamental basis.
Bullish candle on weekly chart.
RSI in over sold territory but now starting to turn upward.
Great risk to reward of 1/3 before it would be facing resistance from the last big sell off.
Could be an interesting share to watch, and a possible long. Counter trend trade.
Coming into a long term support area
Bullish candle on the daily chart
Divergence on the RSI for the daily chart
Great risk to reward of 1/4 before it would be some resistance and last big sell off.
Would wait for a second bullish candle and a rise up on the RSI.
Results due Thursday. TA is simple. Fundamentals are all in favour. Biggest risk is production issues, but cash flow should be sufficient. Expansion is on track, massively undervalued.
Price is coiled up and ready to pop IMO.
Looking for entry on buy zone 16.5p - 17.5p based on MACD/CCI values and BB's.
I believe within a week we might be seeing a reversal so I'll keep watching.
Fast Forward Innovations have several investments including NUU (Nuuvera) & FCT (Factom), both great investments.
Nuuvera latest interview -...
Since we hit 1.18p sells have dried out and bulls are taking bigger positions then the bears as viable on the chart.
Looking to break that line 1.60-1.66p for a good bull run after. will update in due course.
200ma is getting closer on the daily chart and it might align with the price in due time.
Tertiary Minerals - Pending News
Possehl agreement sign...
Looking at 1st target 12.80p once broken through 200ma
Bullish divergence happening on RSI
30p Target price according to research.
Reserves comfortably exceed commercial threshold.
1st Target 19.42p
Profit over 85%
Market Cap = $87.49m
Wild Horse 290m barrel discovery NPV10 projected* estimate of ~$2.5 Billion
= 28x required to reach NPV10 estimate for Wild Horse
last week of Q1, 3D soon, Rig mobilisation and Drill updates due probably this week.
1. Mongolian Government is in alignment with #MATD*...
HZM BUY SIGNAL ON THE 4H CHART. BOUNCED OFF THE 200MA, 50% FIB RETRACE & PREVIOUS RESISTANCE WHICH NOW LOOKS LIKE IT WAS SUPPORT. ITS BROKEN ABOVE THE 20EMA AND TREND LINE. RSI TURNING UP AND ALSO POSITIVE DIVERGANCE ON THE CCI (FXSNIPER)
STOPLOSS JUST BELOW THE 200MA
SEE CHART FOR TARGETS
IM NOT LONG YET BUT LOOKING TO TAKE A POSITION
ASX listed MOD resources are developing a large copper project in in the Kalahari copper belt of Botswana in partnership with AIM listed Metal Tiger AIM.MTR
Chart has seen a long consolidation zone around the 6c mark with recent volume entering at the long term trend line, suggesting a break out is likely to occur in the near term. This aligns with potential...