Category archives for: Base Metals

Copper Mountain Mining Corp needs to break above resistance to signal a buy

I like the story but what is needed is a convincing move to the upside. If the shares can make a move through $6.00 it has little resistance back to $8.00.

Teck Resources Ltd. in a sustained downtrend

TCK.B needs an expanding global economy to stoke demand for its resources. Unfortunately economic growth forecasts are being revised lower taking this stock with it.

Rio Tinto PLC needs a strong global economy to move higher

With a death cross on the chart, the momentum indicators turning lower, and investors in a selling mood I think that caution would be the better part of valor.

Royal Nickel Corp. currently less than regal

Maintain your surveillance and look for a turn if the shares bounce off $1.00

QuadraFNX Mining losing altitude

It appears that there is some support at $11.50. But with a death cross starting to form and the sector not enjoying the summer and early fall on a seasonal basis it might be wise to consider cutting your losses and preserving capital for a re-approach later in the year.

First Quantum Minerals testing support

If you have an appetite for risk you could jump on now and see if you catch a lift. On the other hand if you are risk averse you would want to see FM move through resistance at 82.50 and see if you can ride it back to $92.50.

The most wonderful time of the year for AA

What I also see is a small double bottom off support which is a reversal pattern indicating that the selling that started in the middle of January could be coming to an end.

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