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
Nota
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
Dagangan aktif
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.