Trading Fam,
Precious metals have all come down into more attractive pricing territory, where prices are being absorbed by demand. That said, Hycroft Mining should be a good play on this observation.
From a technical standpoint, price has settled at the bottom of a larger triangle, which seems to be acting as support. Additionally, my Pivot Zones indicator is showing that this is a buyer zone. Though we have not received a BUY signal yet, I am willing to jump the gun a bit on this one, seeing that it is in the buy zone as well as at a solid support, a great area of confluence.
I like this trade to the top of that triangle and might even hold a small portion once reached to see if we break through and go even further!
Now, let’s take a look at Symbotic.
I am also entering Symbotic here. My Pivot Zones Indicator is showing we are in a large demand zone. It also fired a BUY signal inside of this demand zone a few days ago! Further confirmation. Additionally, you can see we are using that 350-day SMA as strong support and have already touched the bottom of our descending channel.
I have entered at $47 and will shoot for the top of our channel (55-65) as my final target. I may even leave a little on the table once reached here to see if we break through!
You can check out all the details on my most recent published trades by clicking the trade tracker button below or…
If you’d rather not do the manual work of following and entering each of my published trades, then I would suggest checking out my portfolio and trades on the DUB app. This is an exchange that allows you to copy my trades automatically! You do nothing outside of signing up, depositing, and following my portfolio there. I make all the trades, adjustments, and re-allocations, and your account will do the rest in proportion. Also, I am much more active on this app than the slow and occasional trades I make and post here. Check it out here.
✌️Stew