BKY Monthly chart
Elliot wave corrective patterns and Large triangle, added Triangle base target estimate to possible breakout area
Likely $2.70, currently $0.425 = 630% or 6.3 reward to risk if you are willing to keep it to $0.00
Not making money but very experienced and qualified management team developing its spanish mine,
BKY has a current ratio of 31x which suggests it has large reserves circa ~$75mil as of Early 2025 suggesting it has a large reserve to convert assets into production
Elliot wave corrective patterns and Large triangle, added Triangle base target estimate to possible breakout area
Likely $2.70, currently $0.425 = 630% or 6.3 reward to risk if you are willing to keep it to $0.00
Not making money but very experienced and qualified management team developing its spanish mine,
BKY has a current ratio of 31x which suggests it has large reserves circa ~$75mil as of Early 2025 suggesting it has a large reserve to convert assets into production
ملاحظة
As an alternative theory, There is a potential for this to be a small triangle for a further move down to $0.13This would represent a triangle throwover and if there are buying signs on lower timeframes would offer a lower risk opportunity to buy
Timing is not critical for me as this is a multi year trade but interesting structure to see as 20year triangles are not very common
تم فتح الصفقة
Breakout to upside, already at $0.545 and likely to continue climbing, likely the start of a large move given the consolidation below and relatively tight price actionWould not be surprised to large upward moves ahead, but I never buy on large bars
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.