Volume spike on the weeklies. Numerous fundamental catalysts for longer term hold of this ``down under`` stock.
Confluence of long term trend lines. Broke long term down trend from mid 2008. Watch for retest.
Poking at 5 month resistance level. Price consolidation. Volume shelf support. Price strength relative to recent PM prices.
Quick, fun, 10 year look at the silver price monthly. Post Covid Interest is remarkable. Just a silverbug take. I'm long and biased! Eagerly anticipating additional support as the industrial beggars enter a future where they will bid to my HODLer brethren (monetary understanding) askers. @Badcharts1 @TradingView
Another 20% drop might make a low risk entry opportunity.
Note the recent volume.
There is no question that EFR has experienced a corrective consolidation and muti-year breakout. Decisive downtrend breakout with volatile consolidation and fresh breakout. The only question is will it continue? Stop loss important in a high risk stock as this is. For lotto type fun look at EFR.WT.TO. Folks in the know understand the supply/demand tightness.
Quick simple uptrend channel and consolidation view. Short term consolidation and weakness visible. Longer term with fundamental support buy zone consideration. Higher lows maintained at this point. Simple technicals on a long term fundamental thesis. Interesting to me that a share count increase on September 30, 2020 marked a low point. Increasing stock price in...
Lowest share count in the mining industry (12,471,810). No stock options, no warrants, no other securities convertible into shares. 2581 shares short (December 31, 2020). This is the result of incredible (rare) management discipline and focus. Recent dividend increase. Just a happy shareholder. @AbitibiRZZ
Big picture view for long term investors. Chart shows stock price since inception. Bias appears to be up. Canadian Gold Royalty company. Extremely thin trader. Held since inception (via SpinCo).
Quick move through short term resistance, flirting with longer term resistance back to May-June 2019. Price, volume, momentum moving higher. Looking for some price drifting to add more shares to starter position. We shall see if this resistance provides some pullback opportunity before it moves higher.
Price closed today at multi-month resistance. Weakness possible in the next few days should be a long opportunity noting the volume coming into the sector. Previous RSI levels approaching 70 have coincided with topping price action.
Price closed today at multi-month resistance. Weakness possible in the next few days should be a long opportunity noting the volume coming into the sector. Previous RSI levels approaching 70 have coincided with topping price action.