I wouldn't let myself be too confused by such short-term - even if well-intentioned - advice.
We should keep an eye on the big picture.
I am a friend of the gap theory. At CNB, all gaps have been closed - except one in the 1.40 area.
The daily chart shows how an upward trend has been established since March. Resistances to the upside at around 75c and around 90c. A positive result of the scoping study could easily move the SP to these levels.
In the weekly chart we could leave the 1 dollar mark behind us around July August. After a short resistance around 1.10 we would aim for 1.40.
The rest is then written in the stars or is a story we can tell in 2025 - possibly fueled by a further rise in the copper price (and/or M&A activity).
Selling at these levels and shortly before the release of the scoping study is not very wise in my view. DYOR
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4 | 15890 | 0.385 |
4 | 43648 | 0.380 |
Price($) | Vol. | No. |
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