Gold Spec play. $VGZ Vista Gold. One of the very few quality junior gold investments that has a realistic shot of near term buyout or new mega mine build at any price above $1200 GLD. Brownfield, permits in place, would be third largest gold mine in Australia, 750 AISC, 10million oz resource, 400-500k yr production, less than 1 billion build cost, and can be in...
Im painfully new @ this guys! I shorted this stock @ .82 on 2-16 -18 to take profit @ .80..... Why didnt my take profit short limit sale order get filled ???
I am expecting this stock to make a run upwards, likely after a consolidation at $0.76, or a correction to $0.73
If the stock corrected at $0.73, it may be pretty hard to make that upwards push. However, with the 9 day MA supporting a smooth correction/consolidation plus good bull volume moves, the possibility is undeniable. In addition, let's hope this stock...
I know I've posted ideas on some of the sub-$1 miners, warning that positions should be kept small until we get confirmation. So far, a good start to proving the correction is over in wave (2). The larger 1-2 will add confidence. Retraces may be small in a presumed wave (3), and I'm not sure about the timing as my analysis isn't a timing system. Just watching...
Posting this idea to explain what I'm doing with all my fib calculations.
And trying to convince TradingView to program the calculations as a selectable option in the Trend-Based Fib Extension tool.
The Fib Retracement calculation is quite similar. Its' the exponent of the difference in LN(price points) multiplied by the desired retrace % as I recall.
Penny stock (currently). Not for the faint of heart. I didn't take a second mortgage for this position (and neither should you). Something like a lotto size position, if you must.
Note: positive divergence holding nicely on MACD, but wave (2) box goes some -43% deeper...
For something trading under $1, gotta be careful. But then look at what some other miners that have been beaten down managed to do earlier this year...
I'm holding a small long position and adding periodically.
