Watching Lab into the fall. This is a pretty beat up Junior Miner.
I'm watching for either a dead cat bounce, or legitimate breakout.
I'll be starting a position between .13 & .145.
Trade ideas
Bullish Fundamentals and Technicals !!before saying anything I would like to mention the upcoming Drill results which could be a serious catalyst for the price of Labrador Gold corp. So in term of due diligence I do not just speak to Technical chart but also to extensive research such as Grades ,jurisdiction, financials and more.
with that in mind, looking at TSXV:LAB one cant not notice the following Indicators:
-Bullish diversion in Momentum in the MACD : ✔
-Bullish diversion in Momentum in the RSI : ✔
(which are both signalling upside in the near term)
-also the STH Daily Bollinger bands are signalling a contraction to the upside : ✔
With regards to further TA :
-Double bottom Formation : ✔
-possible Resumption of 200 Simple moving average : ✔
-Breakout from diagonal resistance and back test : ✔
The Chart is screaming BUY BUY BUY BUY !!!!!!!!!!
2021-10-14 Labrador Gold - supportBouncing of support - inverse head and shoulders developing. Looking for longs
2021-08-31 LAB - longPrice has compressed looks like its set to breakout of this down sloping wedge. Nice fibonacci level too
