Franco Nevada stock is dropping toward the 62% Fib retrace level
As the tax loss selling Olympics appears on the horizon gold stock (with a little diversity into energy and PGM) leader FNV is diving toward the 62% Fib retrace level and below that, support at 124 (+/-).
Reference the April 1st post: Franco Nevada Would Lead Them. A personal buy near the lows yielded a very nice trade and now the train jumping momos are being let off. I wonder if a bottom in this premier royalty company would lead the miners (see Huey above) out of the dark tunnel again. I think so. Now, can we get a bottom?
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