BKY Monthly Chart 2

13 Mar

BKY Monthly chart
Elliot wave corrective patterns and Large triangle, added Triangle base target estimate to possible breakout area

Likely $2.70, currently $0.425 = 630% or 6.3 reward to risk if you are willing to keep it to $0.00

Not making money but very experienced and qualified management team developing its spanish mine,
BKY has a current ratio of 31x which suggests it has large reserves circa ~$75mil as of Early 2025 suggesting it has a large reserve to convert assets into production

13 Mar

Not

As an alternative theory, There is a potential for this to be a small triangle for a further move down to $0.13
This would represent a triangle throwover and if there are buying signs on lower timeframes would offer a lower risk opportunity to buy

Timing is not critical for me as this is a multi year trade but interesting structure to see as 20year triangles are not very common

25 Mar

İşlem aktif

Breakout to upside, already at $0.545 and likely to continue climbing, likely the start of a large move given the consolidation below and relatively tight price action
Would not be surprised to large upward moves ahead, but I never buy on large bars