Q4 looks set to big for Alien Metals as they should be announcing big news in Q4, notably the commencement of stage 3 drilling programme at Hancock Iron Ore Project...
Stops around 0.45 to 0.55 depending on your open price...
Alien metals (UFO) after an 8-month correction seems to be about to turn up again judging by:
- A momentum turning up
- A reverse head and shoulders pattern
- A price above the 50-day and 200-day moving averages
- A positive Ichimoku set up
Knowing that last year's up leg ended up with a multiplication by 30 of its price, before correcting, UFO could this time...
Alien Metals, which is a high beta play on silver, but also other base metals such as iron or copper, seems to be retesting its resistance after a 7-month consolidation.
Given the positive dynamic of precious and base metals, $UFO might reach new highs in the coming semester.
Alien metals ($UFO) might have ended its 6-months long correction, if we refer to its RSI as well as Fibonacci retracements.
Disclaimer : I'm long $UFO
All the info is on the chart, it was made inverted so any layout issues are probably because of that, 'alt + i' or right click the y axis and invert chart.
TP 1 - 0.48
TP 2 - 1
TP 3 - 2
TP 4 - 7.75
TP 5 - 20
TA
Powers of Two
Fibonacci
Gap Theory
Eliiot Wave
Trend Lines
Alien Metals (UFO) is a speculative risk investment, this is not investment advice. DYOR...
