GROY does mine rentals as its business ( royalties) it collects rent in gold or gold ore. Business
has been good the recent earnings report was a beat with guidance for significant increases
in revenues in the near and intermediate term. Volume and price product ( PVT) is rising.
The MFI+RSI+ MOM shows all three measures as bullish. I will initiate another long trade here.
I have traded GROY in the past as seen good cause to take a position again. My target is 5
at the level of the neckline of the head and shoulders all time highs.
has been good the recent earnings report was a beat with guidance for significant increases
in revenues in the near and intermediate term. Volume and price product ( PVT) is rising.
The MFI+RSI+ MOM shows all three measures as bullish. I will initiate another long trade here.
I have traded GROY in the past as seen good cause to take a position again. My target is 5
at the level of the neckline of the head and shoulders all time highs.
Note
Buying call options on a down market day to get a discount ( strike $2.50 for mid-October) weekly chart here to show ATH and rationale for the target.Note
Price fell today with a general market especially technology sell-off- Added 50% tothe position.
Note
Note
GROY finished out the week moving up. Full position held.Trade active
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.