Technical Analyst Clive Maund Shares Update on Giant Mining Corp. (BFG:CSE; BFGFF:OTC; YW5:FWB) to explain why he thinks it is a strong buy.
Giant Mining Corp. (BFG:CSE; BFGFF:OTC; YW5:FWB) This has worked great for us so far. Just after being recommended on the site it broke away from the small cup and handle base we had correctly identified and progressed so that by Friday's close it had doubled as we can see on its latest 3-month chart below, with the prior wide bid-ask spread narrowing significantly.
This advance was driven by good volume, which pushed its volume indicators sharply higher and broke the price above an important resistance level and above its 50-day moving average, which is now rising, which is quite bullish. Today, the price has reacted somewhat, which it is entitled to after such a rise.
THE significant funding that has been announced because closed on the first of the month, it was oversubscribed, and all future securities should be as well. With the start of a strong bull market for copper, Giant Mining is expected to continue to advance, and as there is no significant resistance until the CA$2.75 zone is reached, it continues to rise. 'be considered a strong buy, especially on a minor decline.
Giant Mining Corp. website.
Giant Mining Corp. (BFG:CSE; BFGFF:OTC; YW5:FWB) closed at CA$0.80, US$0.6222 on May 22, 2024.
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Important Disclosures:
- Giant Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee of between US$4,000 and US$5,000. Additionally, Giant Mining Corp. maintains a consulting relationship with an affiliate of Streetwise Reports and pays a monthly consulting fee of between US$8,000 and US$20,000.
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their households) own securities of Giant Mining Corp.
- Clive Maund: I determined which companies would be included in this article based on my research and understanding of the industry.
- The statements and opinions expressed are those of the author and not of Streetwise Reports, Street Smart or their principals. The author is entirely responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or distribute this article. Streetwise Reports requires contributing authors to disclose any ownership or economic relationships with the companies they write about. Full author disclosures can be found below. Streetwise Reports relies on authors to provide this information accurately and Streetwise Reports has no way of verifying its accuracy.
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Clivemaund.com Disclosures
The above represents the opinion and analysis of Mr. Maund, based on data available to him at the time of writing. Mr. Maund's opinions are his own and do not constitute a recommendation or offer to buy or sell any security. Because trading and investing in any financial market may involve significant risk of loss, Mr. Maund recommends that you consult a qualified investment advisor, licensed by the appropriate regulatory bodies in your jurisdiction, and make your own due diligence and your own research when making any kind of transactions. of a transaction with financial consequences. Although qualified and experienced securities analyst, Clive Maund is not a registered securities advisor. Therefore, Mr. Maund's opinions on the market and stocks should not be construed solely as a recommendation or solicitation to buy and sell securities.