Price is landing on an important support area. This a gold and copper mining company, the stock pays 4.5% dividend yield. I see gold going up in medium term, next year I believe gold will be trading around 2200 and will pull up this stock. I own this stock for the dividends and I believe is going to hit the 45 next year. I'm collecting the dividends while I'm waiting and also selling covered call at every correction. Good cash income if you're a little patient. I don't have a SL because a I use this stock for passive income.
Note
Doing well:Note
I'm going to add like a ton here. It's going to explode:Note
Nice bounce from the trendline. I bought a ton of calls exp March, strike 41.Note
38 is a key level, if it breaks it down I'll sell my calls with a loss:Note
This horrible stock dropped back to the long term trendline, apparently likes to do that, has done it before. I'm not going to waste more time and money on this one. At the end I held my calls. I hope for a hard a bounce but I'm not trading this again. I rather buy GLD calls which I did today.
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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.