Large 4-Year Inverse Head & Shoulders
Smaller 1-Year Inverse Head & Shoulders continuation pattern
Currently consolidating, current pullback is fairly light volume.
I bought a small position with a stop around the 50 ma. I will add more on a bullish pullback or if it breaks out higher, for a long term hold.
A trip to prior highs puts this between $55 and $62. I believe the coming inflation will be much worse.
Smaller 1-Year Inverse Head & Shoulders continuation pattern
Currently consolidating, current pullback is fairly light volume.
I bought a small position with a stop around the 50 ma. I will add more on a bullish pullback or if it breaks out higher, for a long term hold.
A trip to prior highs puts this between $55 and $62. I believe the coming inflation will be much worse.
Note
The current consolidation is also:- A test of a prior high
- A bounce off the 50ma.
The last three days have featured light volume on the pullback. I believe this is very bullish. They mine several resources, not limited to precious metals. Resource stocks are very bullish in the coming inflationary era. This Canadian stock looks bullish even in the face of Trump tariffs.
Note
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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.