|Just looking at the chart tonight and can see that this probably wants to go higher but technically it is getting extremely overbought. It's outside the upper Bollinger Band and the RSI is currently at almost 87 but could go above 90, with70 being considered overbought technically. We'll need to probably move sideways for a bit and then it could pop again. |
I have my next sell in at .35¢ but we did hit a high of .39¢ back on 10/4/2017 and stocks have a strange way of coming back and hitting those exact highs sometimes years later. So trick is have your order in early if you want to hit the high sell or go just below which is what I think I will do. Then we probably bounce back before the next move higher. By that time I will have paid off the investment with a handsome profit so would probably buy back on the pullback with some of those profits.
As I recall Eric Sprott was involved pretty heavily on this one and like I was telling my wife tonight, you need to find out where guys like Sprott, McEwen, Casey, and others involved directly with this sector that you know have decades of knowledge, experience and connections. Once the results come back, if they are good, bingo if not well, that's the nature of this game. Probabilities, but I want to learn how to follow guys in the know, guys that have big dinero or skin in the game, because they ain't generally going to drop their cash down unless they can see a return.
That said they are also willing to be patient, and this is one of those. I've been sitting on this since my first purchase back in 2016, although I did sell some in 2017/18 and then bought back a bunch at the last low at .11¢ and glad I did.
Anyway, I'm rambling which I can have a tendency to do. Good luck to you and glad to finally see some action in this one after having it sit pretty much dormant for the last couple of years.
That's the thing with holding juniors, I've held some for years and then finally they go and you profit and it makes all those years worth waiting for. What we've mostly been waiting for in this sector was for gold and silver turn around and start it's next bull run.