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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.


TSX:AII - Post by User

Post by rockminer56on Nov 03, 2023 11:38am
129 Views
Post# 35715878

Charting-Cup & Handle Pattern

Charting-Cup & Handle PatternYou may be interested in googling "Charts-cup & handle" pattern.
This stock (Almonty) has a very lot of positives going for it including a chart analysis., if you believe in them;
To quote:
-One of the rare chart patterns, the cup and handle chart pattern is a very long term chart pattern that can take a lot of time to form.  This is a very reliable chart pattern and typically offers a very low  risk compared to the rewards. The cup and handle pattern is formed when prices tend to bottom out, forming a gradual decline and then a smooth rally higher.  It is this formation that gets the name of a cup.  Upon reaching the previous support level, prices ten to break the support turned resistance only to fall back a small distance, forming a handle.
The eventual break out from the handle, offers an immediate target to the resistance level and a measured distance of the bottom to the top of the cup formation, projected from the resistance level that is broken.

If you look at a chart, use a 2 year time frame, where it shows up very distinctly.
Might as welll look for something that stirs up some interest, as the photos and updates aren't making any overwhelmingly  major impact, to us, the smallish retail investor.
I think we all will do well, just taking some time!!
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