CHN 3.13% $1.55 chalice mining limited

Happy Monday to all CHN holders ie traders, investors, longs and...

  1. 4,677 Posts.
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    Happy Monday to all CHN holders ie traders, investors, longs and shorts!

    On 6th March 2024 I alerted and built a long case for this stock to reach targets of $1.78

    https://hotcopper.com.au/data/attachments/6217/6217802-b95ad1e1f9028dbb6c7e442f542c671e.jpg

    https://hotcopper.com.au/data/attachments/6217/6217803-87830334d25c9f7c1ac5785ed7b597aa.jpg

    Sorry to now be the bearer of bad news
    but I would not be interested as a Buyer at these levels. Reasons outlined below. There may be a small uptick but there is A LOT of overhead supply!

    Outlined below are my latest charts with updates price targets. I would be an interested buyer at the zones provided to either scale in, or patiently wait for gap fills (read further below).

    Cheeky Charm Analyst Downgrade! Rather Strong Sell
    NOTE: Gap fills lower at $1.58 and $1.45 redface.png
    A breach of these zones puts $1.27 Trendline Retest on the books GLTAHz!

    Palladium in a STRONG sell down! eek.png

    15min CHN Chart
    https://hotcopper.com.au/data/attachments/6217/6217814-0dcb9e4cdeefaa749c0911ac359cc6c6.jpg

    CHN Daily with potential target zones as it is about to piggyback Palladium Prices IMO

    https://hotcopper.com.au/data/attachments/6217/6217828-7f66ac2a8a61ab77129719ac34ccd5a1.jpg

    Palladium Daily

    Targets of upto $840

    https://hotcopper.com.au/data/attachments/6217/6217829-24eefe5b64531af13353b85489aa7eb0.jpg
    Last edited by Cheeky-Charm: 03/06/24
 
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