Mexus Gold US (MXSG)

[deadjim]

So two weeks later you can see why trying to analyze a single spike day can be fruitless. It’s really about how the stock behaves after the spike that matters. It’s holding pretty well, But still only part of the equation for this move -
the Pattern can be considered a triangle, or ABCD pattern, with D (or top of the triangle) being completed once it pops over the previous high. So if you think the next catalyst can run it, there should be ZERO reason for the stock to close under C or current support of this recent move.

If it helps, abcd can be defined like this:
A would be the starting move, B is the high point, C is the pullback, and D is when it crosses back over B. You can buy C if you believe support will be held or you can buy D and hope C holds.

Of course you need volume and liquidity and this stock is anemic at times and hard to analyze. What’s the catalyst? They’re way easier when there is a “known” catalyst that everybody can agree with is occurring. For instance in 2016, the main catalyst was possible production going into 2017 and the stock acted well all year.

So now you won’t want to get my opinion on anything anymore right? Cause like everybody else, I don’t win them all either. And anybody who says they always win, act as if they always win, or simply ignore their losers, is LYING. And there’s a special place in hell for people who lie in financial markets