AMEX:PICK
Pick is a ETF by iShares that Binds mining companies from all over the world under the ETF, but most of the ETF sit on a number of stocks that are traded under undervalued Like:
NYSE:BHP
LSE:RIO
LSE:GLEN
NYSE:VALE
and more.... I will like to see her go down back to 32-34US$, then i will add more holding.
Long-term. In my opinion, a very optimistic bullish structure.
Price is forming a consolidation at the upper side of of the channel and the median of the fork. The flag is a flat, with a perfect internal structure.
Worth taking a note.
Good luck!
- PICK holds miner producers (ex Gold and Silver); as the economy re-opens demand for metals will increase coupled with inflation creates a fundamental bullish view
- A new bullish trend has been established confirmed on MACD, RSI (maintaining a support), and stronger volume buying into the reversal (of the short to long transition)
- RSI is showing that we may...
In times of increasing instability investors tend to invest in gold and pass from the iShares MSCI Global Metals & Mining Producers ETF (PICK).
Note : Pick seeks to track the investment results of an index composed of global equities of companies primarily engaged in mining, extraction or production of diversified metals, excluding gold and silver.
It is...
