An update to my call to buy MAX Resources in the range of 15 to 20 cts. If you own the stocks, do not sell it since it may be going a lot higher.
Fundamental story is improving day by day and any good drill results will send stock to over 80 cts to over $1.0 based on how other companies (e.g KODIAK ) have done in the past.
In the short term I see it going over 46cts and then take out 56 cts based on technical chart and plotting Fibonocci extensions.
It has taken off since February 2022.
It will not go up in straight line. You may see pull back and this may be due to some momentum players. Any drastic pullback should be bought.
I always buy stocks based on fundamental story and also technical analysis.
I have done realy well other stocks like Great Bear, Ivanhoe Mines and Kirkland - last two have been taken out.
I will be adding more of Ivanhoe mines for the same reason as MAX - fundamental improving and stock goes done. The trick is to buy at very oversold level.
Here are DAILY and WEEKLY charts for MAX
Daily Chart:
Max resources Daily chart Weekly Chart
Weekly Chart Both on daily and weekly chart, RSI or CTM - Chande Trend Meter - appears overbought.
Overbought coditions can remain for a long time.
Copper has become the most import metal due to new usages. This is where you need to be in investment for the next 5 years.