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...
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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