Glencore signed the definitive agreement for $45m (CAD) to restart First Cobalt's refinery in 2020. The refinery is the only permitted cobalt refinery in North America. $5m to restart and study expansion, then $40m to expand to 55 tpd in 2021.
Cobalt prices are also on the rebound which should help raise the entire sector.
+Turning up from its recent base formed, +volume picking up. -Res. at upper linear reg line around $0.015, -then res. $0.035 most recent highs. After chart opens up depending on how thin the asks are this really could fly.
After the last leg higher a daily inverted hammer formed, and also a DOJI star forming today, potential for current bull trend to reverse. I would look for profit takers and short sellers to become stronger over the next few weeks. However keeping in mind the overall trends in the market that could influence another leg higher in the price of ROKU.
Will it be: Glencore funding the refinery start, Iron Creek updates, U.S. China trade war creating favorable conditions for resource companies, cobalt price hikes, or something else unforeseen?
Negatives will be, if none of those things are not completed in the short to mid-term, then price could start to decay once again.
Technically the chart is slowly...
Chart is pointing to a a new 52 week high. Any news might push this to 0.0193 and higher. Stock is wound up after years of slow accumulation, and multiple bags could happen quickly as the chart around 2012 has shown.
You can see that it has been tested many times on the downside, and that slow trendline moving upwards shows support held, and that sub-penny range is unlikely unless someone dumps a large load.
Now after a long downtrend, volume is pushing BSEG to test the longterm yellow trend resistance line. If this breaks it could move fast, shares have accumulated for quite...
Still trading in the trendline, however is once again looking to break upwards. Low float, and OS there could be a thin amount of shares at these levels. If it does break it could break quickly.
Recently posted financials shows a huge accounts receivable, if this money is ever realized then BSEG is in great fiscal health financially however the AR has been...
Previously said FTSSF starting to trade outside the weekly trendline.
Now while it has went a little bit lower than I wanted from my initial purchase, it has hit the support it needed and started to rally. May accumulate on any pullbacks, but position is at the moment ITM. May take profit as well if the rise is dramatic in coming days.
First Cobalt price coming out of weekly down trendline from early 2018. Price also retesting support from Aug. Looking at more bullish conditions forming, or price/time decay if no trading catalysts occur.
Once known for McAfee entering as a director to help its securities division, then became crytominer, now embattled company in fraud cases. However at these levels could prove a quick flip especially hitting lower weekly Bollinger as well as getting close the the weekly 100 LR.
Short interest picked up a good amount in the last month or two. Could provide some...
DPW has been range bound for days and days. Woke up at the end of today. Could be a strong end of the week or a fake out. However a lot of sells were occurring without it heading lower, and now the stock woke up to the upside. Lets see what happens tomorrow morning, and if it does rise early morning will the momentum keep up.
Another chart from my other...
Still holding the long term trend. However movies out productions coming to fruition, accounts receivable around 4million and growing. If it breaks down lower I will try and load up on more shares as BSEG is a valid company booking contacts internationally and domestically.
Waiting on news from the company which is tight lipped about the work they are doing. ...
After a large run up in late 2017 the stock has made acquisitions that look attractive on paper. Looking at the companies subsidiaries and earnings calls the multiple companies are making good orders. Their purchase of a hydro electric dam in upstate NY should be coming online Q4 2018, attached to the hydro dam is another subsidiary that is going to...