As BTC price seems weak at moment & with seller at hand I failed to see any bullish case here at moment but could be wrong.
I have this company on watchlist with big interest, best to be patient & look to enter at ideal price level with unstable markets.
Next support level at 3.72p- 4.24p
Resource upgrade to come
Finance deals & DFS in H1 2020
Between 3p - 3.3p is an absolute bargain price where fundamentals make it undervalued
Also we got 200ma at 3.05p
Also we got 786 fibs at 3.11p
Also closing previous gap at 3.16p
Also got RSI support level at 3.3p
Target Price 6.2p
At the moment there is weakness but as crypto tends to improve around xmas time we could well see a nice uplift in this company
They specialise in mining Bitcoin among others.
6p to 7p support level
6.88p is 50% retracement of the highs
5.88p is 61.8 fib retracement
Scaling in 6p-7p looks like a good level.
Think we might head down to 200ma weekly support & also previous resistance here.
As gold might suffer a little next few weeks as other metals improve like copper nickel due to trade talks looking good
Looking for a summer 52p target for another slice, will hold core holding after that.
Excited about news to come here that will push it further.
James Draper & the team had several meetings at last gaming event & we are still waiting for further news from that.
I believe something is in the pipeline that will justify a further rise here ahead of results.
An amazing asset value company with newsflow
Copper & gold play.
potential financial partners in talks at moment
Several assets within Indonesia
An amazing track record BoD
8p 1st target with 15p mid-long term. 15p+ on big news.
At great value at moment & a bargain considering the assets.
Extremely bullish here & been waiting for months for this opportunity to buy down here.
Bought at 30.4p & will buy more if I get an opp at 29p-30p
Bullish divergence on RSI.
Resistance becomes support in most plays even if it takes a few weeks/months.
44.2p - 57p next resistance. Longer term will be more as this is a revenue growth making company.