Military Metals currently has no clear valuation and is entirely speculative. I like their strategy (buying up antimony properties) but they have a cartoonish website and I get weird vibes from them.
In any case, the chart demonstrates a symmetrical triangle and I predict a continued downward trend in price, potentially bouncing ~30% down or more.
RSI also does not show strength, and volume is tapering down.
In any case, the chart demonstrates a symmetrical triangle and I predict a continued downward trend in price, potentially bouncing ~30% down or more.
RSI also does not show strength, and volume is tapering down.
Trade active
Price has not broken down after emerging from the triangle, invalidating my original idea. Let's see what happens before the New Year. CDV appears to be curling up. Volume seems to have leveled out. RSI provides no direction. A bit of a gamble, but I think it will rise. If it breaks above 0.75 things could get wild.
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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.