Chalice copped a sell-the-news treatment last week,as the...

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    Chalice copped a sell-the-news treatment last week,
    as the non-binding MOU was not the deal that was anticipated...
    Back to charting, a few things to note and keep an eye on...

    https://hotcopper.com.au/data/attachments/6295/6295163-fcdcd6d8f80d38e4768d627386c32a33.jpg


    1. Approaching Golden Cross (bullish).
    - 50 day MA (pink) nearing 200 day MA (light blue)

    Note that the scare-bear opposite of this, the Death Cross, was a great time to GTFO in August last year, close to $6.00

    2. Has kept this year's uptrendline.

    3. In terms of targets, near $5 looks like the zone.
    Resistance levels (not marked):
    50 month MA just under $5
    200 week MA at $5

    There is a gap-down to fill, from $4.18 - $4.99
    Bell has a valuation of $5


    * If Palladium price really takes off, you might shoot for a higher target, but for me... locking in profits somewhere in the $4's would be the play.
 
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