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Mining

AU: history repeats? Last year, the asset started a bullish rally (similar to the one that has just ended currently) that led the price to increase by more than 100%; From that moment on, the price corrected and began to generate a bullish channel (green dotted line ceiling). The correction it had then never reached the 0.382 Fibonacci retracement, but it was the 30-week weighted average that went looking for the price and accompanied it support throughout this channel (this pattern is likely to repeat itself). In February of this year, prior to the covid-19 crisis, the canal ceiling was broken upward with a significant increase in volume, after which the asset falls sharply and recovers in the same way. But this time, the increase in the price is more than 150% and after breaking the medium-term downtrend line (black line) it again exceeds the channel ceiling and unfolds it (green dotted line is now floor), exceeding the maximum at the end of February this year. Today the price corrects and contacts the 0.236 Fibonacci retracement that also converges with the bearish TL of the medium term (black line) and it seems that the paper generated a throwback to it and that is when we are presented with this great opportunity. The interesting thing about the current price situation is that from this point history can be repeated and in that case I have two objectives. The primary I postulate in the maximum of July 2016 and starting point of the medium-term downtrend line broken today; which represents a rise of more than 20% and as a second objective we have a relevant value from March 2014 that was support and that is now going to act as resistance, while the price is going to meet the upper secondary channel ceiling in US $ 7 which represents a rise from current prices of more than 40%. In case of losing the support in which the asset is currently located, it would greatly complicate the performance of the paper (and the proposed strategy) since it would fall back below the medium-term downtrend line. Although below it presents a relevant support in the 0.382 retracement to which the wma of 30 is clearly rising. If last year's asset behavior model were to repeat itself, now that the rally was more pronounced and the correction sooner, perhaps we would see the average of 30 quickly go up to look for the price and accompany it as support throughout this second channel. I do not include analysis of indicators so as not to extend.
ALong
by nelsoncares
Either price discovery or price manipulation or lets lookEither price discovery or price manipulation or lets discover how we can manipulate this stock to a new low so we can buy it before Block chain Mining and A.I. blow up any more then they have already. - yes this is an emerging market (speculation alert) - yes this is a tech stock - (speculation alert) - so the official story is that Bitcoin will be less profitable in the future as half the bitcoins are being produced every ten minutes for the next four years. But any crypto kid will tell you if the supply dries up by half then the price should increase. But this company just offered no guidance for the next quarter saying they don't know how they will make it because of too many factors... S0 they may be telling the truth and this company will not sell any products in the future because mining is not profitable at 10k a BTC. But what happens when BTC is worth 20 K next year? Will the company suddenly look profitable? Is some one to making this company look like it is having a bad quarter so they can buy more shares? If you look at the chart you will see massive buy's after a considerable sell off so some one believes in this thing. Including me.
NASDAQ:CANLong
by altcoinnerd
Quantitative Easing & Rate Cuts = Bullmarket in Mining Stocks.You've seen the news lately, the Federal Reserve has taken unprecedented actions BEFORE a recession has even hit. The Fed has already cut rates 3-times and restarted their Quantitative Easing, although not officially calling it that. Predictions and Possibilities for 2020: 2008 Style Recession. Dollar Run. Debt Bubble Pop. We can not sit and say things are great as you may hear on mainstream financial media. These steps taken by the Fed are VERY bullish for precious metals and mining stocks. These are our recommendations, each will reach at least 300%: ASM: Avino Silver and Gold Mines NGD: New Gold B2G: Barrack Gold Check our "An Obvious Investment" chart, you will see that our NDG has already seen 10% growth since posting. It's time to be money smart.
AMEX:ASMLong
by WorldEconomics
5.6p / 8.4p Targets GAP TO FILL #copper mid term It has been a long & painful timeline to say the least with ARS but I think finally we are now on a good turnaround for the company. Bear in mind that BoD have bought shares all the way up & same as Asipac. We have now a new partner Aeturnun Energy which has recently bought into the company. Aeturnun Energy 19.99% Asipac Group 8.16% Namarong 3.93% Tony Manini 3.10% Closing above 3p I see 5p ish not long after Plan to slice some at 5.6p but keep my core holding as long term investment.
LSE:ARSLong
by vcm11
3.50p/5.15p target 3rd swing Summer 2020 - BULLISHCheck timeline properly. Every year around spring a swing starts on the upside as we kick start drilling operations. BoD are all aligned with shareholders at a much higher price, why? because they believe in the project. We ask ourselves why they would do a placing now? Because that's what normally mining companies do ahead of drilling as they need the cash. Why BoD didn't go in at a cheaper price? Perhaps they are all inside & can't buy. Bear in mind Directors (non-NED) have all about 10% together. plant operating, high grade oxide deposit drilled (CE) & found massive sulphides. Barrick as potential suitor for the company as a partner Lumwana mine. It processes lower grade ore and has high costs as ore is I believe contaminated with uranium. 100km from Arcm! CEO Bristow likes doing deals. Sees copper as area to move into
LSE:ARCMLong
by vcm11
$WPM can rise in the next daysContextual immersion trading strategy idea. Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The demand for shares of the company looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $41,00; stop-loss — $40,50. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:WPMLong
by KozakHlib
1
XAUUSD GOLD Long Term OutlookFirstly, If you like my analysis, please leave me a " like " It is forming cup at the moment. And if it will pull back will be forming "cup with handle" Of course there are several options that the price may follow such as, it may form only "cup", or may do a fake breakout pull back and continue. I will try to explain how i see the movement. The price started to stall or will on $1793. and pull back is expected to 0.38 or 0.5 of Fibonacci level. For its healthy, I would expect a pull back till around $1400. Target Price will be around $2275. If the price decides to rise up till pivot, the pull back is expected till around $1500 and target will be $2500. As a results, technic may say too many targets and may give different outlooks. I am not advising you buy or sell, just share my how i look might help you.
FX_IDC:XAUUSDLong
by TheBullseye