$ACRL’s land is the ‘Allsopp-Hutson’ star that’s highlighted which they also list in their 10-K: Proof of their Allsopp ownership in their 10-k, Page 11:
“Allsopp Properties: Mineral Rights acquired in the Kirkland Lake Gold’s Macassa mine Complex Ontario Canada. Consists of 1,680 acres.”
They also have thousands of other acres and rights to diamond, graphite ...
Seemingly there is another fading short setup coming up. The chart is self-explanatory, the levels are given and for now the only thing left to do is wait until the major bear angle is reached and look for an entry with a price action confirmation.
A breakout occured of the bearish trendline, followed by a sharp pullback that then broke the weaker bullish trend-line. The 4H RSI also broke down past the supporting trend-line.
Altogether this would seem to indicate bad news for the HODLers out there, including me. That said, lets look at this closer.
The price has yet to break below the low of 12/27 at ...
On the weekly chart we saw pull back to the 87.5 level. Stopping volume halted the decline from November through December, producing a buy pivot
at this fib level. Daily chart shows to prominent buy pivots for a good entry. The price should get to a least the 50% weekly fib, which is the 10700 level, the weekly POC (point of control).
I've drawn a lot of trendlines in my life and so many of them have turned out to be meaningless. The truth is that trendlines matter only when enough people (or machines) see them and are willing to trade off of them. I would say the more pivot points on a trendline, the more meaningful it is. And sometimes even after a trendline is broken, it stays very ...
Plan is to take a short if it breaks .894
Till then , do not look for a short
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in ...
Not financial advice. Do your own research. The ideas shared are the personal opinions of the BitDoctor team.
Oh GE, what are you going to do in 2019? 2018 was probably your worst performing year but while the stock market is crumbling, you seem to be bouncing pretty hard here. Don't get caught with all the green candles and percentage gains. Bear markets are ...