charting, page-6

  1. 281 Posts.
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    Serious volume on Friday, providing further bullish confirmation. My favorite signals are moving average crossovers:I like the 8 and 21 EMA combined with candlestick pattern, confirmation from momentum indicators and increasing volume.Notice the previous volume spikes ( on 18/8/22 and 2/11/22) also lagged the EMA crossover by a number of days, the rallies which followed showed significant upside, even as the volume subsided. (historical price movements are not proof of future movements, but can provide hints)
    Friday was a serious crack at 50c. Interesting to see how much supply there remains at this level.Thin sellers on book, but some off-book supply. If supply proves weak this week, 50c may become new support. Current support 40-45c. No reason SP can't test all-time highs in the shortish term.
    https://hotcopper.com.au/data/attachments/5007/5007058-2b1bf6fab32ed059af1319621f1fe731.jpg
    Early days for LLI. Tiny Float (52.5m Shares on issue) Tightly held (52% top 20 holders).7m cash (as of Dec) 25m Market Cap (undervalued IMO, as still recovering from Macro sell-off). As high risk as any explorer, but with 3 highly prospective projects in top jurisdictions. Potential to seriously re-rate coming from both Scotty's maiden drilling and Triste spring survey (with the historical cores as the mystery gift).
    Current buying on the back of James Bay news, PMET & WR1. (The more WR1 proves up Adina, the more prospective Triste looks, especially as the strike runs further east) Also worth keeping an eye on nearby Azimut and Midland on the TSXV.

    This is not advice and all in my opinion.
    (Disclosure: I also hold WR1)

 
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