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Hudbay Minerals Inc T.HBM

Alternate Symbol(s):  HBM

Metals & Mining Copper
Hudbay Minerals Inc. is a copper-focused mining company. The Company has operations and pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru, and the United States. The Company’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Its growth pipeline includes the Copper World project in Arizona, the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The Company owns 75% of the Copper Mountain Mine, which is located south of Princeton, British Columbia. Copper Mountain Mine is a conventional open pit, truck, and shovel operation. The mine has approximately 45,000 tons per day plant that utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits.


TSX:HBM - Post by User

Hudbay Minerals Inc > TD Today
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Comment by Ridgebackon Jun 10, 2022 7:05am
230 Views
Post# 34746277

RE:RE:TD Today

RE:RE:TD Today

HudBay Minerals Inc forms bearish "Symmetrical Continuation Triangle" chart pattern
Jun 09, 2022

Trading Central has detected a "Symmetrical Continuation Triangle (Bearish)" chart pattern formed on HudBay Minerals Inc (HBM:TSX). This bearish signal indicates that the stock price may fall from the close of $7.20 to the range of $6.00 - $6.20. The pattern formed over 20 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price has broken downward out of a consolidation period, suggesting a continuation of the prior downtrend.

A Symmetrical Continuation Triangle (Bearish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks down below the lower trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior downtrend.

This bearish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

Price Chart - HudBay Minerals Inc

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