Sandstorm Metals & Energy Ltd STTYF

So Far So Good

[HonestAbe]

As indicated in my previous long winded post (below) I was anticipating a slightly longer period of consolidation that matched the up/down rally/retracement levels during the past two months. So if all goes according to expectations this roughly should be the final week of consolidation and if right up to Friday then that would be exactly 11 consecutive trading days, which is sufficiently more than the 9 consecutive days during mid-Oct.

The chart looks technically sound and there is a nice consolidating flag appearing and you see trading volume starting to dry up which is what should happen. At the minimum I think the sp touches 50 cents but +/- one cent can occur because hey, it is a penny stock! 48-50 cents is roughly also a technically strong support level now. And a breakout from this present flag at say bottom of 50 cents should mirror the stronger bull run that was witnessed from 31 cents to 51 cents (+65%) during late Sep into Oct and this run due to the longer time periods should also result in slightly greater percentage increase too. I am anticipating the run goes to at least 85 cents (+72%) starting next week and occurs over a period of at least three weeks (early Dec).

What would invalidate my thesis is if the sp declined below 50 cents on suddenly heavy trading volume such as 3M or 4M+. GLTA.

https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31751939&l=0&r=0&s=snd&t=list