Franco Nevada (FNV) is described as one of the best (if not the best) run precious metals royalty plays by people who seem to know their stuff, fundamentally. What I see is a quality royalty company that is above resistance (now support, green line) and at a critical trend line (blue), that was the former uptrend line out of the 2008 market liquidation.
I also see a zero + (green) MACD on this weekly chart. While many gold stocks have green MACD’s on daily charts, this weekly view is much more significant. Because technically at least, if FNV can hold above resistance and get above the blue line, it would be in a new cyclical bull market.
