Dundee Precious Metals LONGDPM Canadian gold mining company mining in Bulgaria. 68% increased output and by recent research there is much more concentrated gold,silver etc... in the ground. Look at Financial Statements Debts have been decreasing for a while. Price of GOLD is going up so the mined gold reserves could be sold for a good price and FCFF will rise sharply. Very bullish on that company. Technical analysis tells the same story. Since the last 2Q price went up from 2$ - 3$. I am expecting further appreciation of that stock. Recently broke above pattern and the way up seems to be clear. GOOD LUCK
Miners
SILVER PRICE FORECAST AND THE BREAKOUT ZONE. Break-out will happen when EUR/USD will clean up the 1.26 zone, at the same time DXY will fall again. Is just a matter of time. The entire dollar picture is deteriorating.
The dollar will confirm a multi year decline when this will happen. Gold & Silver stocks are supposed to be the best investment for long term gains.
MGTI Cup and handle on the weekly chart!If you are one of the many who are looking at the stock price for the largest US Bitcoin mining company and are afraid that after todays 20% move that you missed out. Think again. MGTI is in a weekly cup and handle pattern meaning that a strong bullish move is just beginning. A price target into the mid 4s and higher is not unlikely.
DASH(ing) to $500? LONGDASH Buy: Target pice 470-500
Stop lost: 280
Resistance, 373, 413
For fast trader you can lock out your position if the price falls below the recent uptrend line.
I go for LONG in dash with $500 target. We are talking about longer trades here,an investment even, maybe towards the new year. The MACD rises above and the price stands on longer term EMA.
Base on smaller time frame chart in 4H the coin can retrace to 280 areas again to test the break out and that too should be our stop if it doesnt hold.
We see similar break out triangle pattern in some of the coins in the ALT coin market. This is one of the pattern that I look for.
The coin had break out of the downtrend line in daily chart. The previous high can be trace back to the 400 areas.
Note: There are miners out their servicing the crypto world, asics and gpus. This is one coin that can be mine with the X11 algorithm asic miners. I understand that the ROI of the new miners have been extended with massive increase in difficulties. So I hope this post can benefit both miners and traders.
Best of luck, please feel free to comment, I am open to constructive discussion :)
GDXJ BreakoutGreat breakout here on GDXJ as investors fly to security with geopolitical instability.
We have a breakout of several different levels, making this a potentially very powerful break.
SIGNALS:
1. Breaking out of consolidation pattern since beginning of May
2. Breaking downtrend line from 2016 highs
3. Breaking over 200 day moving average
Entry: above 34
Target: former resistance around 42
Stop: under breakout level, 33.50 - 34.00
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!! PM me with any questions about my analysis !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.