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 !
Catatan
Praise the Lord. Did anyone make money from this ?Catatan
6 dollars profit thus farCatatan
11 dollars profit nowCatatan
Praise the Lord for he is a God of Abundance.Catatan
God is good all the time. All the time, God is good!
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.