ETrades1

$FNV trend is your friend

Panjang
NYSE:FNV   Franco-Nevada Corporation
Using a VWAP anchored tp the Sep 2018 low, I see 2 pullbacks and subsequent prolonged rallies from the green VWAP line. I would not want to bet that this 3rd pullback will not produce a prolonged rally. Additionally FNV is down 36% peak to trough from the Aug 2020 high, the stock was down 37% peak to trough during the covid crash in March 2020. FNV is breaking the linear regression downtrend (blue channel) and above that red downtrend line I think sh*t gets wild. The evidence is piling up that gold miners are about to go on another massive rally, FNV is certainly a sure way to capitalize on it.
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