ALM Swing tradeReasoning:
Strong industry
50SMA Pullback
Long-Term Investors (3-12 Month Holds)
Entry: Full position on breakout
Profit Taking: Sell 1/4 to 1/5 at Goal 1
Exit Signal: Close below 20-day EMA (your trend guide) or 50EMA
Why: Strong moves are hard to time at the top, but the 20EMA acts as a reliable trend filter
Note:
Remember: Every long-term investment alert can also be played as a swing trade.
Trade ideas
ALMONTY INDUSTRIES INC (ALMTF)ALMTF has been trending in a very reassuring shape since July 2020 between the 2 think black non-horizontal lines. We might be on the newer $0.5252 horizontal trend line since the start of this year. Volumes are low, so it remains to be seen how well, and for how long we test this line. We might well fall back to $0.50. On the positive side, though, I think we are headed to $0.57 by the end of the month. There is not much news about Tungsten of late, but Almonty is indeed one of the largest producers of Tungsten outside China and, given the EV mania, it might only be a matter of time before Tungsten is made a mention of on CNBC.
AII.TO -- Christmas Liquidation SpecialDeeply oversold at .43 (Daily RSI = 21) with a single seller reloading the ask. Trading at major discount to recent financing of .635. Last tranche is yet to close, so this is most likely one of the participants unloading a position. Stock tends to swing wildly when it gets oversold so I would not be surprised it will be back in the .60s after the iced ask is taken out.



