Ready to bounce
Patience with this junior is about to be rewarded. RSI bottomed, and bouncing off lower trend line.
Near term (as a trader), I predict similar explosive price action like May '22 or Dec '19 (overlaid here) - which interestingly would get us a topside breakout (and retest) from the pennant formation its in now. Or maybe we continue to bounce around in this pennant thru next summer.
As an investor, imagine what the share price will be for this Fiji jurisdiction miner when gold *finally* rallies above $2,500 and it becomes obvious that their Tuvatu project has 1M+ ounces of shallow depth, high (to bonanza) grade Au ?! That's a ride I want to be on :) Sure, lots of juniors will do well during the next gold bull run, but few like this!
Near term (as a trader), I predict similar explosive price action like May '22 or Dec '19 (overlaid here) - which interestingly would get us a topside breakout (and retest) from the pennant formation its in now. Or maybe we continue to bounce around in this pennant thru next summer.
As an investor, imagine what the share price will be for this Fiji jurisdiction miner when gold *finally* rallies above $2,500 and it becomes obvious that their Tuvatu project has 1M+ ounces of shallow depth, high (to bonanza) grade Au ?! That's a ride I want to be on :) Sure, lots of juniors will do well during the next gold bull run, but few like this!
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