Sun shining on MAX. New target price C$1.00Sun is shining on Max Resources at last. It has been a dog in terms of share prices for last two years. Finally that is history.
1. Three years chart shows that it made bullish W pattern.
2. It retracted from high of 80 cts to 50 cts with LOW volume. This is bullish. It held the middle of W patthern of 50cts.
3. Now you can see that it has bullish CUP-And_Handle pattern.
4. I am predicting a double from 50 cts to C$1.0. After drilling results, it may range from $1.50 to $$2.50
Ability to sell shares at 60cts to high net worth folks and others is very bullish since it was above trending price.
The company is cashed up for drilling and other activities for about 1 to 2 years.
We should see drilling before August 2022. Results will be positive.
Buy in the range of 50cts to 70 cts.
Not only the technical chart is bullish, but fundamental story is shaping up to be bullish.
This is both copper and silver mining company. Both metals are going to be in high demands for next 10 to 20 years.