LODE being a penny stock with high volatility is well positioned at the bottom of its
range for an uptrend on the 2H chart to respond to the recent moves in spot gold and
gold futures. Gold is increasingly in play due to macroeconomic uncertainties including
the debt crisis, probabilities of a serious recession and the challenges cyptocurrencies
are making to fait currencies. Globally, central banks are accumulating gold bullion.
This stock has a potential upside of about 30% based on analysis of the chart with supply/
demand zones per the Luxalgo indicator. I will take a long trade now.
range for an uptrend on the 2H chart to respond to the recent moves in spot gold and
gold futures. Gold is increasingly in play due to macroeconomic uncertainties including
the debt crisis, probabilities of a serious recession and the challenges cyptocurrencies
are making to fait currencies. Globally, central banks are accumulating gold bullion.
This stock has a potential upside of about 30% based on analysis of the chart with supply/
demand zones per the Luxalgo indicator. I will take a long trade now.
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Idea validated very quickly in extended hours with price action + 5%
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USAU is similar but not as much upside right now.
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Today was a day of rest for LODE. Tomorrow last day of the trading week could be a sell off for profit. I wwill carry the full position into next week and may get some more before the trading closes for the week if there is a good dip.