NFTRH+; A Gold Royalty in a Breakout Setup

As you may have noticed, I have been holding SAND for the last several weeks in the Roth IRA.  It was not bought for technical reasons; it was bought for wanting to own SAND reasons.

NFTRH+ being a technical service, I want to call your attention to its daily chart.  SAND is creeping above both lateral resistance and the 200 day moving average today.  If this attempt to break out should succeed and manage to hold the breakout area as support, the measured target is around 6, where there is a gap from September waiting to one day be filled.


Buy Target:  A break above the SMA 200 (currently 4.65) and hold of the 4.55 to 4.65 support area.

Sell Target:  6 or anywhere lower you’d be happy with the profit.

Stop Loss:  Below 4.40 (very tight) or below 4.15 (more lenient).

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for further research if interested. 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. Due diligence is your responsibility.