Technical analyst Clive Maund explains why, in his opinion, each the elemental and technical views of this firm appear strong.
Lion One Metals Ltd. (LIO: TSX.V; LOMLF: OTCQX) exhibits encouraging indicators, and will subsequently have in mind the fixed enchancment of the basics and the dynamism of the sector, however the modest correction within the brief time period. Hyperlinks to articles on bettering the corporate's elementary state of affairs will probably be added to this text later, however notable developments embrace the corporate's personal drilling operations, thereby saving the cash, performing assay work regionally in Fiji and establishing a solar energy plant for its operations. .
BREAK: QUINTON HENNIGH WILL BECOME THE LION ONE TECHNICAL ADVISER. Hennigh was the driving drive behind Novo Sources, which, as we all know, has confirmed to be a dramatic funding for first time consumers.
On the final 6 month chart, we see that "one thing is occurring" as a result of Lion One has seen a pointy rise in January with an excellent quantity and has since consolidated within the type of a bullish flag which allowed the earlier overbought situation to partially subside. and the 50-day transferring common to considerably cut back the hole with the value and the autumn of the 200-day transferring common. It’s subsequently a configuration that can result in a bullish crossover of the transferring averages to the subsequent rise, the "Golden Cross", which usually marks the start of a brand new bull market.
This three-year interval is helpful and attention-grabbing as a result of it permits us to see in its entirety the grueling uptrend that started in August-September 2016 and continues to this present day. It has been happening for greater than two and a half years. And what's odd about it’s that the corporate has made a number of progress in attaining its targets over this era, however you wouldn’t suppose that's the case.
So we’re in an especially explosive state of affairs – and the excellent news for consumers is that even after the sharp rise in January, the motion nonetheless has not damaged with this pattern on the draw back, in order that Quinton Hennigh has to contain ought to actually gentle a fireplace underneath him. It needs to be remembered right here that many shares rose sharply within the first half of 2016, after which moved into a protracted downward pattern after the summer season, however the distinction between Lion One and plenty of of them is in bettering its state of affairs embrace the development of an analytical laboratory on Fiji that’s nearing completion, the development of a solar-diesel hybrid energy plant to energy the corporate's operations and the acquisition of drilling tools to facilitate additional exploration on the properties of the corporate.
The long-term 18-year chart can be attention-grabbing because it exhibits that Lion One has had a protracted interval of preparation for its enviable state of affairs, as its inventory has not realized any web features over time, a state of affairs we are able to look forward to us to alter loads for a greater future, and a breakthrough by gold in a brand new main bull market quickly, which appears doubtless, would be the "icing on the cake".
Lion One web site.
Lion One Metals, LIO.V, LOMLF on OTC, closed at C $ zero.50 and $ zero.386 on February 28 19.
Clive Maund is president of www.clivemaund.com, an internet site devoted to the useful resource sector, since its inception in 2003. He has 30 years of expertise in technical evaluation and labored for banks, brokers in commodities and funding sellers within the Metropolis of London. He holds a level in Technical Evaluation from the UK Society of Technical Analysts.[NLINSERT]
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The foregoing represents Mr. Maund's opinion and evaluation, primarily based on the data out there to him on the time of writing. Mr. Maund's opinions are his personal and represent neither a suggestion nor a proposal to purchase or promote securities. Mr. Maund is an impartial analyst who receives no remuneration of any sort from the teams, people or corporations talked about in his reviews. Provided that buying and selling and funding in monetary markets might carry a big threat of loss, Mr. Maund recommends that you simply seek the advice of a professional funding advisor, licensed by the suitable regulatory authorities in your jurisdiction, and to make sure that you’ll be able to make investments out there. carry out your personal analysis and analysis when making selections. of a transaction with monetary ramifications. Though a professional and skilled fairness analyst, Clive Maund will not be a registered securities adviser. Accordingly, Mr. Maund's views of the market and the Shares could also be construed as a solicitation to purchase and promote securities provided that they’re topic to the prior approval of a registered securities adviser in accordance with the laws in drive in your nation.