Probably the best copper mining stock out there !
See chart for analysis.
Logic is quite simple - to reignite the economies worldwide, governments would have to spend a lot on infrastructure projects to create jobs. Copper, as one of the key commodities in many infrastructure projects would be in high demand.
And this chart is showing the price action being depressed for quite a while. It has now broken out of the bearish trend and is preparing its bullish move.
There is a high likelihood we see some consolidation here before it breaks out and soar higher.
You can put this in your watchlist !
Logic is quite simple - to reignite the economies worldwide, governments would have to spend a lot on infrastructure projects to create jobs. Copper, as one of the key commodities in many infrastructure projects would be in high demand.
And this chart is showing the price action being depressed for quite a while. It has now broken out of the bearish trend and is preparing its bullish move.
There is a high likelihood we see some consolidation here before it breaks out and soar higher.
You can put this in your watchlist !
Nota
Praise the Lord. Did anyone make money from this ?Nota
6 dollars profit thus farNota
11 dollars profit nowNota
Praise the Lord for he is a God of Abundance.Nota
God is good all the time. All the time, God is good!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.