Now that's what i call a discount ! CKG is trading at bottom basement prices here... almost free for a company with a massive gold and silver deposit . Add that one to my bucket ! chesapeakegold.com
Mail shareholders still is this stock. Management reinforced and Mr Pangbourne with a lot of money in this stock. Consolidation ongoing, and with rising silver prices, this stock is going to explode - as hit has done years before. Falling wedge, sinking volatility best signs. Target first an min. 8 usd in 2022.
Cheaspeake Gold Corp. has done a long period of consolidation. Since August 2020 shareholders have seen descending prices. But - it seems, that most of them have lot of patience. Various breakouts are done - missing only break-out of slow stochastic. As normal, a sharp break-out of a descending Wedge is normal, as a correction afterward maybe back to breakout...
Technical Analysis 1. Pennant Pattern 2. Large Head & Shoulders 3. Fibonacci Retracement at 0.618 (Golden Zone) 4. Potential Pennant Breakout (incoming) 5. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole 1st Take Profit: 7.00 ETA for Take Profit would be End of 2021 or Early 2022 This company will come out big, here's some...
Looks to have bounced for a 3rd time on right hemisphere of arc. 11$ target Q3-Q4 2021.
Chesapeake Gold did a spectacular first move. Now, consolidation phase has been set and is ongoing, harder than Silver has been hurt. Weekly Chart shows an impressive falling wegde, corresponding with RSI & Slow Stochastic. But: Investors are still believing in this company. OBV looks very stable. No question: Patience is required, suppose till april 21...
update from a while back. News out with partner for new heap leach system , more viable.
$CKG Trend line Price target - $9-10 in April
Due of fine consolidation pattern combined with possible 1-2-3 EW structure very interesting situation. Solid bottom established long time. Yesterday also news published: New CEO, cooperation with technical company. Looks very interesting, also due of strong Investors Skills (Mr. Sprott) Dan
$CKG broke out of channel, broke above 20 day
Im really liking how we are staying above the 200 SMA- looks like we want to break out of this channel any day now 4.51 next resistance (50% fib) then 4.66 (Aug 2019 high). 200 SMA support at 4.36.
The power of the Sprott pump: $CKG vs $DSV
$CKG bouncing off support, 200 SMA, 50% Fib
After the latest bull flag, I think we bounce off the 200 MA and go to around $9.
MCap Oz Ag Ounces per dollar $CKG 248,776,788 526,000,000 2.11 $DSV 483,960,967 595,000,000 1.23 BONUS: CKG HAS 18.5M OZ GOLD!