Does look like a cup handle formation although I don't use them. Is that the TF you are using when you entered the trade? I sure hope you didn't enter with a different reason then discovered the signal has failed and start looking for another reason to still be in the trade. Haven't we all done it before.
Assuming zinc does come back to life there are a couple of major hurdles to get over.
They will need major funds to build the mine. Bank loan, consumer underwriting project, equity partnership etc but end of the day I suspect there is a component of capital raising which dependent on the SP will have whatever dilutive factor on existing holders. On top of raising funds there is mine build risk of which cost blowout is usually very typical of the final phase. I am not saying thte these will happen but something to watch out for I suppose. Good luck to the patient holders.
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Does look like a cup handle formation although I don't use them....
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 28474995 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 6070354 | 9 |
View Market Depth
No. | Vol. | Price($) |
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23 | 28174995 | 0.002 |
11 | 12100487 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 6070354 | 9 |
0.004 | 33781459 | 21 |
0.005 | 2500000 | 4 |
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