United States Antimony Corp. engages in the exploration, production and sale of precious metals. It operates through the following segments: United States Antimony Operations, Mexican Antimony Operations and United States Zeolite Operations. The company was founded by John C. Lawrence in 1969 and is headquartered Thompson Falls, MT. SHORT INTEREST 235.6K...
UAMY has enjoyed massive gains recently and over the past year. Looking at the business is has both good fundamentals and momentum going for it. Although today saw a healthy correction across the board in all major indices - UAMY is expected to go higher due a strong business model that sells antimony (an important resource), market conditions and momentum....
UAMY has drawn a cup with handle, the volumes are strongly increasing on this stock. A first bullish impulse has been initiated. The stock can enter a consolidation phase of several days or weeks before the rocket impulse. It is also possible that the rocket impulse start immediately without consolidation. The potential of this stock is very important (+50%).
Selling being absorbed was followed by a decent accumulation period with regard to duration, and this was followed by a fakeout. The breakout was strong in terms of price, but the volume didn't back up the move. Price retraced the next day. The close this week has the UAMY with some some bullish candles in terms of both price and volume, with deep lower wicks. I...