RE:Won't be long till we clear $3Very much agree with you fatcharlie any LNG development in BC (seems to be a foregone conclusion a major project annoucement is imminent this year) could well be the catalyst for the $3-4 range in short order
On the Weekly Chart over 5 years we have worked through a cluster of resistances to the last one approx. 2.70-2.80ish ... may consolidate around this level no telling how long but in the rectangle on my chart there is very little resistance until 3.56 then 3.80 levels save for pshycological $3 and the 100 Month Moving Average currently $3.02 .
To see the chart larger & with annotations click this link after a few hours StockHouse goes back to StockCharts default settings .
https://schrts.co/vWRt9a Incidentally I thought I was done loading to $1.75 last year and planned to sell a few around 2.50 - instead I am buying more bumping my buy threshold to $2.50 earlier this year based on the strength and outperformance...after Q1 report (which honestly wasn't wonderful except for the outlook) and $2.30's held which is above a major prior resistance $2-2.20 for the past 2+ years, I sold a few of my slugs to keep adding here ...imo the downside risk on this ticker with energy catching a bid of late is much more so further nulified ... if we do pull a little here or go sideways I am now collecting shares to $2.80 for the long term
LNG would most definitely be a huge catalyst here and could likely propel us to 3's but in the 5-10 year outlook so is the modular construction side in it's own right and the eventual plan to be nation wide noted in the Investor Presentation
https://www.horizonnorth.ca/wp-content/uploads/2018/04/Corporate-Presentation_April162018.pdf