SUMMARY
Technical Analysis: I am long the stock because I see price action has completed a corrective ABC pattern on the daily Chart. From here price action could develop a bullish counter trend.
Fundamentals: The company has commenced drilling at their High-grade Willoughby property. The Company is cashed up and IF! they hit bigly then share price pushes...
Anaconda is an award winner, exploded BEFORE 1&3 year golden cross.
Strikepoint and Sable can explode at ANY moment.
Nexus on deck.
#gotgold #gotsilver #fintwit $anx $skp.v $sae.v $nxs.v
Added Strikepoint at this slightly risky entry, the base of ascending channel.
compressed SMAs: 100Mo SMA (Above, flat) 30Wk SMA (Above, rising, crossing above 100Mo) 30D SMA (Above, Crossing Below Previous, hopefully temporarily).
Recently bottomed, the possible second test of the channel before 1400% ascent into late June Peak.
With the pump on gold no reason for this not to test the channel. Sell high 40s and wait to see if it can reverse out of the channel. if not buy back in lower and rinse repeat
Another golden triangle play. I was watching but missed it. Typical pattern of moving avgs from a deep coma. It was all there to see and follow. Gowest b/t and Alio b/o on news , merging with Argonaut....
