Post by
pulcan on Jul 28, 2024 9:13am
Fear and Greed updates and more on NWST
hi all, as we get ready for this coming week and the last of July. We need to be cautious of what we own and cash is king. Even if you stay out of the markets for the rest of August could be a good thing. So lets look at the Fear and Greed index and right now FEAR is almost there and also the Stock Price Strength is in GREED. So right now the big shots are buying up the markets and pushing share prices. so see the link....[url= https://www.cnn.com/markets/fear-and-greed][/url]
As for the FED watch in 3 days we will know if they cut rates or not for the first time. Right now we see a NO cut in rates and check out the CME Fedwatch latest....[url= https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html][/url]
Where the FED goes with rates is unknown and for now if they do nothing could hurt the markets and GOLD.
US Buffet Indicator continues to drop on the over valuation of the market cap valuation to GDP is now 191.60.....We could see a market correction down the road if this continues to stay high. see the link [url= https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html][/url]
Now as for GOLD and where it goes can be a crazy move again as we did dip almost $100 bucks! Maybe we all know what the big shots know and no rate cut coming? So GOLD made some big dips and the worst is over. Can we go higher ? Canada already did 2 rate cuts and the banks also lowered rates a little to help the consumer. So for that lets see what happens. No chart and no targets.
Now. Northwest Copper has its own story to tell and a lot is going on from the AGM. Now all we need is our new CEO and we will get one soon. For now the share price is in a nice range as we did hit .28 cents from my last post and went as high .29 at some point. One thing to remember is watch the trading volume and where the trades are coming from. keep this link and watch it....[url= https://money.tmx.com/en/quote/NWST/trade-history][/url]
Right now, we have nice moves still coming and bullish so the CEO announcement is helping and also more updates on our projects. My hope to be target is .31 cents for the first time in 2 years and with the amount of projects and history this company has we should be in a min range of $70million market cap. Now for those who watched the Youtuber on the charts he talked about 10 years and had moves over $1. Can this happen? YES, if we continue to move higher and with a new CEO this means a lot. I have seen in the past like many junior exploration stocks have a lot of shares outstanding and like NWST at 230million. We could see if the share price does not move past .30 cents do a reverse split down the road after our CEO comes in. If this happens the share price will run higher and i would expect maybe late Q4 a 1 for 3 move? For now anything can happen and higher prices is what this stock will give us no matter what. Most important is to take profits and cash. This month of August is not for all and staying on the sidelines makes sense for some of us.
so for now i see us at least hitting the .31 cent mark and maybe higher as for a .40cent one time hit once our CEO comes into play. Any reverse split on the stock can push higher and major volume until it is over. So be ready over the next few weeks and stay out if you want the cash from this play.
see the latest chart and is bullish.
[img] https://www.tradingview.com/x/MYYeqc6y/[/img]
as for the latest markets look ahead see from Greg...