We are climbing on the bus a little early with BTI. The stock has recently broken above the 200-day moving average, which serves as a great longer-term trend indicator. Thus, we are taking a small long position here, ungeared, with the view to hold it for the next 12 or so months.
Well, this is very much against the trend, but there could be a triple bottom forming. Buying here gives us a 1:3 risk-reward ratio, which we think is attractive. Our trade is from this support level to the 200-day moving average. Should the triple bottom formation play out, it opens for a target well above the 200-day moving average giving the trade a 1:6...
So MCG turned down Canal +, only to announce a content deal with Paramount Plus. This is certainly good news for MCG streaming subscribers. Here's looking good for new highs once this level is broken. We bought the break at R107, which may have been a bit early, but we think it should be ok in the end. Target is R123 with a stop at R100.
FNV has been under some pressure recently, as is the case with most Gold stocks really.
FNV is another prime example of a high quality Gold miner that is trading below its 200-day moving average while Gold itself if making new highs.
This is a strong buy from us.
PAN is breaking out of a long-term range.
Consider that this is a weekly chart looking at 5 years' worth of data. So, this price target will take a good long while to be reached and it certainly won't happen in a straight line.
That said, we really like this stock for the medium to longer-term.
AU has run a bit already. We called it come time ago when it broke out of the range, so this post serves a little like an update.
We think AU reaches $26.
If you missed the breakout, it might be difficult chasing the stock here. You cold put a 2-day low trailing stop loss on if you wanted to get in now and still have a favourable risk-reward.
As is the case...
The last time Gold was trading at $2100, Barrick Gold was at $26! Today it is still below $16. The world is obsessed with tech stocks while the gold stocks are deeply undervalued. This is such a strong buy.
This chart shows the physical Gold price versus Barrick Gold. Both have been rebased to 100 and so that they can be accurately compared. Gold has pushed to...
Wait for the formation to break before making any trades. That said, it does look like Oil is setting up to trade higher. Maybe as high as the recent swing highs?
AEM is headed straight for key support. We like the idea of buying AEM in the buying zone indicated. It offers a great risk-reward. The stop is below the indicated buying zone with a target at the recent swing high. Great payoff, small amount of risk.
This setup is almost identical to the AEM setup shared a short while ago. Barrick is in the high probability buying zone, thus offering a great risk-reward setup for new long trades. Stop loss below the buying zone and target at the recent swing high.
Dramatic heading... but with Gold at ATH, the gold stocks should be getting a move on really soon. If this upper range support breaks (which coincides with 200-day moving average), then I think this stock pulls a bitcoin.
With Gold closing at an all-time record high close on Friday, it seems that the time for the goldies has come. Here we see GDXJ (Junior Gold Minders ETF) really pumping hard on Friday. Our view is that these gold stocks are going to absolutely fly, but the trade setup is up to the swing high around $39. Once there, maybe take most off and let the rest ride on a...
PCE numbers came out in line with expectations a few minutes ago and the Gold price is reacting. We think that Gold pushes higher here. It also coincidently is breaking out of a triangle formation. Hold onto your butts (and your gold stocks), cuz things are about to get wild!
We've mentioned our view on Bitcoin maybe a million times (here are some recent posts we wrote about it: herenya.co.za ).
Anyway, halving cycle, about the break the highs. HODL till 2nd week of December, buy any weakness until then. Get out before 2025. Easy game.
