HYMC- Gold is Glittering Penny Junior Miner LONG
Gold is on a bullrun and what better equity to look to capture profits than gold junior miner
penny stocks. The risk is high and the potential profit is well - perhaps on the way to the moon.
Shown here is HYMC on 2 hr chart. The momentum is obvious with the climb of the green HA
candles. The MTF RSI shows the low TF RSI shot up over 80 while the higher TF RSI is rising
at a more gradual slope. No signs of bearish divergence are seen. The MACD shows the lines
well above the positive histogram in fact three times the amplitude. Again, no signs of
bearish divergence. The AI Lorentzian indicator shows a buy signal. Its algo tested a projected
win rate of 73% on the signals which should buttress my confidence in this trade. I will follow
the signals in the context of my targets based on TA and see how they correlate.
Gold is on fire ! Junior miners are perhaps in the midst of a wildfire.
I will take a long trade on this penny stock. My targets are $0.56 and $.71 representing
swing high pivots earlier this year. Overall, I am expectant of 50% profit and a risk free trade
once the price rises 10% and a 5% stop loss is moved to break-even.
penny stocks. The risk is high and the potential profit is well - perhaps on the way to the moon.
Shown here is HYMC on 2 hr chart. The momentum is obvious with the climb of the green HA
candles. The MTF RSI shows the low TF RSI shot up over 80 while the higher TF RSI is rising
at a more gradual slope. No signs of bearish divergence are seen. The MACD shows the lines
well above the positive histogram in fact three times the amplitude. Again, no signs of
bearish divergence. The AI Lorentzian indicator shows a buy signal. Its algo tested a projected
win rate of 73% on the signals which should buttress my confidence in this trade. I will follow
the signals in the context of my targets based on TA and see how they correlate.
Gold is on fire ! Junior miners are perhaps in the midst of a wildfire.
I will take a long trade on this penny stock. My targets are $0.56 and $.71 representing
swing high pivots earlier this year. Overall, I am expectant of 50% profit and a risk free trade
once the price rises 10% and a 5% stop loss is moved to break-even.
Trade active:
Price up 25% on the way to the first target- running the full position.
Trade active:
The gold run has afforded HYMC another 15% gain over the past two weeks. Trade has been risk-free and is now 40% ROI overall. I will close half the position while continuing to watch spot gold.