I already own LSG, so please consider that I am talking my book.
It has been noted that NFTRH+ updates need technical parameters and gold miner Lakeshore Gold has that, and the sector is making inroads toward that as well.
Brief history: I found LSG while making my rounds in the gold sector and installed it in the list of perceived ‘relative quality’ items in the portfolio notes segment of NFTRH each week. This was based on freely available research.
A strong backing for me psychologically came when Mark at IKN reviewed and recommended the stock based on fundamentals. Indeed, I had noted a bearish looking weekly chart but gave LSG the benefit of the doubt based on Mark’s view. Thank you sir! The daily chart has neutralized the bearish weekly pattern. Long live fundies! :-)
Further, LSG is breaking above the daily pattern today and measuring a target of 1.30.
Buy Target: .95 to 1 (based on a successful hold of the breakout line) if not already held.
Sell Target: 1.30 (a 30% upside)
Stop Loss: To suit risk tolerance below .95 and again at .90 (SMA 200)
A reminder that chart based NFTRH+ updates are just trade setup ideas, which may not be revisited as the parameters are already noted. They are meant as a starting point for further research if interested. Fundamentals-based ideas are also provided for your further research only. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst.
