SPOFF trade ideas
SPOT.CA: Bullish Pennant (52%), Ascending Triangle (77%)Primary Target (short term):
Bullish Pennant (52%)
PT = 1.22$
Secondary Target (Long term):
Ascending Triangle, confirmed and filled (77%)
PT = 0.87$
SPOT.V -- Oversold, in historical support zone; Good risk/rewardSPOT.V utilizes AI for drill targeting in resource mining. Getting a lot of business during this busy mining season. Lots of news flow. They're getting paid both in cash and in stock in some prolific junior miners like NFG.
Currently, getting oversold and hitting historical support zone at .125 - .13. Good risk/reward here, IMO.
Buy and HoldThis is based purely on fundamentals and industry market conditions. This is one of the first disruptive technologies in the gold mining industry and I can see this reacting in a very similar way as many innovative ideas that have been implemented into parallel industries such as oil and gas.
