HYMC High Risk play

27 Mar 2022

HYMC


STAKK analysis on the HYMC stock (hycroftmining.com/)

Chart 1 Day
EMA (Exponential Moving Average): Bullish, as the 20EMA has crossed the 50EMA and 100EMA

Red line (20)
Orange line (50)
Blue line (100)
White line (200)

TTM Squeeze: Trending down, meaning momentum is low. Traders may be taking profits. Also notice that gap down on Nov. 9th has been filled.

Fib Levels: Above 2.618. The price has gone parabolic. Price action has to stay above this levels for the bullish trend to continue.

Candle Stick: Last few candles are bearish candles. last day candle is a "Bearish Pin Bar"

Pattern: Current pattern is an Ascending Triangle. This is a bilateral pattern with could result in either a bullish or bearish price action.

News: Hope coming earnings. On March 15th, AMC bought into the company ($194 Million)

History: Price have crashed on earnings report.

Bullish case: Price action could move to the $1.48 to $1.85 to $2.62 (each are major resistance areas).

Bearish case: Price could drop down to $.93 (1 fib) or $.73 (0 fib)