Post by mattbighamon Oct 09, 2025 12:50am
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Post# 36743955
Short term chart is retail retardent
Short term chart is retail retardent
Pull out a five year,eleven month weekly chart on Stockcharts.
The price action of both gold and silver are only relevant on that chart today.
17 August 2020 : $1.30 MMG high
Draw the trendline to the next two highs @ $.40 on 21 May 2024 down to 2nd June,2025 @ $.305 CAD.
The long-term weekly breakout was .28 cents CAD and that trendline support is .27 CAD today.
MMG have MACD levels that are in the bottom third of the chart.
Solid resistance @ .58 CAD.
When MMG releases any of of their updated resource on La Plata ,and/or make a Keno gold discovery and /or begin drilling an untested porphyry at La Plata this is the level the SP should rise in to.
If /when any of these events is significant then the next remaining resistance is .80 CAD..
$1.12 CAD is minimal resistance and the 1.30 top remains as the last hurdle.
La Plata will become a headline name in the near future with the potential to become one of the biggest mineralised districts in North America.
More alluvial agreements funding exploration/drilling at Keno and La Plata with continuous discoveries and nobodyt knows where she goes.