Bounce from 78.6 fibs & also previous resistance which becomes support it should head towards 50% retrace line & hopefully brake it eventually. Very bullish on Nickel in coming weeks/months/years due to EV battery metals rise
TSX:RNX - Full Pattern formation yet to be confirmed (Risky) - Chart is currently sitting at a sloppy head and shoulders top (Bearish pattern) - wait for head and shoulders top pattern to fail before considering taking a position Target: $0.51 Buy Range: $0.37-$0.42 I am not a professional
Electric cars (mobility in general) are part of our future. Demand is growing all over the world and producers now exist in Asia, Europe & North America. It's an emerging market and is yet to mature. This makes it interesting from an investment point of view. But when and how to invest? I'm just going to publish my research here as and when I can be bothered. If...
BHP is approaching support line where it has rallied many times. BHP should do well this year and break out of this channel. Happy Trading!
Educational Metal Futures Insights: ZA1! Zinc futures are up 15% over the past month, however note "Uranium futures" have been notably increasing since May. Silver COMEX:SI1! and Copper COMEX:HG1! futures have just started their uptick with recent volatility in market. CBOE:VIX Gold GC1! is also just starting a small uptick. The summary: ...
Feasability study is this month and as per their tweet they are excited and looking forward to releasing the results. Nickel price is doing well and massive price forecasts for next few years. Chart says it all. Wave 5 started.
Small cap Mining Stock to own when VIX jumps 5% like yesterday. Entry 1.79 Development and recovery of precious and EV specialty metals: Nickel, Copper, Gold, Palladium, Zinc, Germanium, and Rhodium.
Today was a good day for HZM and we finally managed to make a move above 8ema & 20ma, hopefully we hold the 20ma and start moving to break the trend line and 50ma. October is the catalyst for a Feasability study to come from Horizonte Minerals. I believe the mcap should re-rate when we are closer and news drops. Expect at least a target of 5.20+
Fundamentals of HZM seem strong, with the BFS on their flagship asset due in the coming weeks. That being said, a persistent seller has been present over the past several months, resulting in the share price drifting lower. Recent cross of the 50 and 200 MA is usually a bearish sign, and the price has now dropped below the 61.8% fib retrace level. Recent...
This chart setup is fantastic, it seems that it respects the 50ma weekly (blue) since April 2016. also holding the 618 fibs from last rise. I bought in last week at around 4.15p as I like the chart setup plus the Feasability Study is coming up in a few weeks, around August I believe.
This penny stock every time it touches the 50ma weekly timeframe it bounces. It has bounced over 7 or 8 times with one being a false drop below it over the course of 2 years. For me the buying area will be 4p-4.05p if it lands.
Long term bullish flag formation Huge volume on breakout Buy v sell ratio increasing Oscillators trending upwards Cup and Handle formation in place after test of 46c. Next 7 days important for trend to continue and break of 46c to occur. Old highs of 55c. Cup and Handle depth show 55c likely to be retested News announcements due shortly as well on drilling Gold...
Carawine recently hit the boards with an EV of $4m They have $7m cash and a quality shareholder structure with 55m shares on issue. With a large acreage position in WA targeting, nickel, gold, copper and cobalt and shallow high grade gold in Victoria this has the traits of an exploration company worth $30m plus
Nickel could be at the start of a trend reversal. Double bottom pattern started in June 2015 and is now complete Next step is to break 200 EMA resistance, which is already being tested.
Signalling another jump up. Well set up for catalyst early next week that should take share price to the next level. GGI.
Weekly shows a strong channel has formed on ASX:JRV , overall scandium, cobalt and nickel sectors are bullish. Likely to test channel tops in coming weeks
Technical Breakout of downtrend channel going on for years. Combined with NR that was awaited for YEARs.
GSCI Nickel-day-rsi-green_short-red_long