Western Copper's huge copper/gold/silver project in the Yukon is edging closer to becoming a reality . The global copper and silver shortage is real and i can see major projects being put on the fast track to support the green revolution . The left chart shows the large bull flag with price targets while the right chart shows the short term corrective wave...
Western Copper and Gold Corp (NYSEAMERICAN:WRN) displayed relative strength with a 6.53% gain on Friday. The stock broke out of its bullish wedge pattern suggesting a further move to the upside and continuation of this bullish trend. Technically speaking the stock is now painting a short-term “Bullish” picture. Consistent move above $2.16 (horizontal resistance...
Bullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Target:
PT = 2,63$
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Great setup to break above highs set back in 2017. Great volume profile on this one that should work as a launch pad. Considering incoming inflation in the future, it's a decent way to diversify. I like an entry if it back-tests the purple line and if it holds March's lows anchored VWAP.
similar shape to copper itself but easier to see. extended strike action soon decided at huge huge copper miner , it could resolve and increase supply again or continue and press the metal higher. looks like the downside. Euro working on new stimulus and usa economy win with mr. T.
As a riskier but potential more rewarding play on rising copper demand (China post-coronavirus) and prices, Western Copper and Gold (WRN) looks interesting.
Western Copper & Gold Corp. is an exploration stage company, which focuses on the development of Casino Project. The company was founded on March 18, 2006 and is headquartered in Vancouver, Canada.
Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, silver, copper, and molybdenum deposits. It holds interests in Casino mineral property located in Yukon, Canada. The company was formerly known as Western Copper Corporation and changed its...
Western Copper & Gold Corp. (WRN) topped out with world commodity markets in 2011, posting an all-time high at $4.49, ahead of a brutal downtrend that hit an all-time low at 20-cents in January 2016. The subsequent recovery wave stalled just above a buck in July, giving way to a narrow consolidation that yielded a December breakout up to $1.80. It’s been grinding...
