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Heads Up on 6 Interesting Stocks

Streetwise Reports, Streetwise Reports
0 Comments| April 3, 2018

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This a "heads up" on a number of stocks that we will be looking at in coming days, as time permits. In addition to these we will also be looking at a range of gold and especially silver stocks, for reasons set out in USING COTs TO TIME THE 1st BIG PM SECTOR UPWAVE.

Contagious Gaming Inc. CNS.V, KSMRF on OTC, C$0.125, $0.10

This stock got as high as C$6.40 back in 2014 and is now a paltry C$0.125. Do not be fooled by the name. The attraction of this company is that it produces a refined cannabinoid substance that is clear and palatable, unlike the competition, which produce it as a kind of offensive sludge. Apparently there are a lot of contenders after this product and perhaps the company itself, although fundamentally nothing more is known about it. Chart looks very bullish, with a preliminary breakout in January followed by a reaction back to support. Thinly traded and speculative, therefore only suited to experienced traders. Avoid on OTC as volume non-existent.

Distinct Infrastructure Group Inc.DUG.V, DSTFF on OTC, C$1.33, $1.03

This is a solid company with bright prospects. It supplies 5G internet infrastructure, which will be necessary for driverless vehicles, that use a huge amount of computing power, presumably useful for preventing them mounting the kerb and mowing down cyclists and pedestrians etc. The demand for this companies' services is expanding rapidly. Regarded as a relatively sound investment at a good entry point after the long reaction from early last year. Avoid on OTC as volume non-existent.

Guyana Goldstrike Inc. GYA.V, GYNAF on OTC, C$0.23, $0.166

After a cyclical reaction back from November, this advance stage gold explorer is believed to be at a good point to buy for a new uptrend on the back of a sector advance.

Jericho Oil Corp. JCO.V, JROOF, C$0.96, $0.74

Jericho reacted back more than expected – if we had expected it we would of course have taken profits and stood back, like we did after the earlier rally. The reaction has brought it back to support and with volume having died down, it should soon turn up again. So we stay long and it is a buy again here.

New Pacific Metals Corp. NUAG.V, NUPMF, C$1.66, $1.28

Whilst the sector has reacted back, New Pacific has continued to plod higher, which is thought to be because drilling results are expected soon, and there is a chance they will be very good. So we stay long and it is also rated a buy here with a fairly close stop, in case the results fall short. Volumes light on OTC.

UGE International Ltd. UGE.V, UGEIF, C$0.255, $0.193

Just as you should not drive a car by staring intently into the rear view mirror, you should not get fixated on last year's results when considering whether to buy this stock. It made a pretty heavy loss last year, but its performance in the latest quarter is vastly improved and it has a full order book. Believed to be at the 2nd low of a large Double Bottom pattern with the low of late 2016, after a long and stubborn downtrend from April of last year, which is seen to advantage on a 3-year chart. Yesterday's "bull hammer" on the chart on good volume may signal the final low. Regarded as a strong buy here.

Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.



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