HBM is a junior copper play with exposure to base metals, and precious metals (Gold, Silver) This is a junior which will benefit from the copper reflation and gold play. Realistically a big guy will buy this company over the next two years. I see this realistically 10+ in two years from a deflation point of view.
HBY - On Full Symbol Scroll of Peter Brandt of fractor trading - interesting stock with a very long 6 year H & S pattern
Fall from parabola classic 90% in its history as well - if stock breaches H & S bottom target and breaks out, could
be a good long play - sound fundamentals
HBM has bounced off a long held support level. Last few trading days tested lower prices but the bulls won.
MACD and Stochastic show growing momentum and it returning from the oversold zone.
Even if HBM is simply in its trading range, we have an opportunity to buy in so that we can make a sweet 12% if it makes its way to its resistance level at $10.40.
Hudbay pulled back to a past support/resistance zone, along with the 50dma was which has been acting as dynamic support/resistance, where price was quickly rejected. Day late on this, but I'm going short on the pullback to the next support level, trading with the downwards trend.