Excellent Drilling Results Out Today by Fiji Explorer

Technical Analyst Clive Maund dissects Lion One’s inventory chart and explains why he sees this to be a “nice purchase spot” for the corporate’s inventory.

Though Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX; LLO:ASX; LY1:FSE) hasn’t executed a lot since we nibbled at it again in September, conscious that it might proceed the basing course of, its technical situation has definitely improved to the purpose {that a} new bull market is wanting more likely quickly, and it simply so occurs that through the night time the corporate got here out with spectacular drill outcomes which might be thought more likely to get the inventory transferring immediately, particularly because the stress is coming off the sector after yesterday’s dramatic reversal within the broad inventory market.

While Lion One’s efficiency in current months doesn’t look spectacular on its 6-month chart, because it has principally continued to bump alongside sideways above an vital help stage, after we look extra intently we will see technical proof {that a} new bull market within the inventory is brewing.

“This can be a nice purchase spot for Lion One.”

The primary bullish level to notice is the excessive quantity rally in November that drove the worth into the nonetheless falling 200-day transferring common. This transfer is thought to be a preliminary breakout, and it was not stunning to see the worth give again the features because of the nonetheless unfavorable alignment of transferring averages; nevertheless, the worth and transferring averages at the moment are beginning to bunch collectively in a fashion that always results in a breakout into a brand new bull market, and immediately’s information out of the corporate might be the catalyst that triggers the breakout.

One other bullish level to notice is that there was not a lot draw back quantity on the response again from the November excessive, which is a purpose why the Accumulation line has held up effectively on the response, which additionally bodes effectively. Lastly, yesterday’s candle on the help was constructive because it accompanied by a marked improve in upside quantity that drove the Accumulation line greater regardless of the inventory closing down on the day.

The three-year chart exhibits everything of the correction from the August 2020 excessive and we will see the way it had run its course by final June, since which period it has been bumping alongside sideways above the robust help stage proven marking out what seems to be increasingly like a base sample that may result in a brand new bull market. The more and more tight bunching of value and transferring averages is extra evident on this chart and as talked about above it is a potent setup that always results in a breakout, with the current lack of curiosity proven by the commonly mild quantity one other constructive issue, since Good Cash tends to purchase when the mob’s consideration is elsewhere.

The conclusion is that it is a nice purchase spot for Lion One, as along with the wonderful drilling outcomes out immediately, there was a dramatic reversal within the broad inventory market yesterday (possibly the Fed simply created one other trillion) and a parallel reversal within the treasured metals sector with a bullish candle (dragonfly doji) showing on the GDX chart. Whereas the worth is clearly more likely to be positively affected by the information, it is going to most likely take some time to filter by to many traders, a few of whom should still be shuffling round of their carpet slippers with a bowl of Cheerios having stayed in mattress with the spouse. So optimistically we will do some shopping for within the early commerce earlier than the worth will get transferring in earnest. Lion One is rated a robust purchase right here for all timeframes and never thought to be notably speculative.

There’s an attention-grabbing new article on Lion One in Streetwise Reviews.

Lion One Metals web site.

Lion One Metals Ltd, LIO.V, LOMLF on OTC, closed at C$1.01, $0.79 on twenty fourth January 22.

Posted on CliveMaund.com at 9.05 am EST on twenty fifth January 22.

Clive Maund has been president of www.clivemaund.com, a profitable useful resource sector web site, since its inception in 2003. He has 30 years’ expertise in technical evaluation and has labored for banks, commodity brokers and stockbrokers within the Metropolis of London. He holds a Diploma in Technical Evaluation from the UK Society of Technical Analysts.



1) Clive Maund: I, or members of my rapid family or household, personal shares of the next firms talked about on this article: None. I personally am, or members of my rapid family or household are, paid by the next firms talked about on this article: None. My firm has a monetary relationship with the next firms talked about on this article: None. CliveMaund.com disclosures under. I decided which firms could be included on this article primarily based on my analysis and understanding of the sector.
2) The next firms talked about within the article are sponsors of Streetwise Reviews: Lion One Metals. Click on right here for vital disclosures about sponsor charges. The data supplied above is for informational functions solely and isn’t a advice to purchase or promote any safety.
3) Statements and opinions expressed are the opinions of the writer and never of Streetwise Reviews or its officers. The writer is wholly chargeable for the validity of the statements. The writer was not paid by Streetwise Reviews for this text. Streetwise Reviews was not paid by the writer to publish or syndicate this text. The data supplied above is for informational functions solely and isn’t a advice to purchase or promote any safety. Streetwise Reviews requires contributing authors to reveal any shareholdings in, or financial relationships with, firms that they write about. Streetwise Reviews depends upon the authors to precisely present this info and Streetwise Reviews has no technique of verifying its accuracy.
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5) Every now and then, Streetwise Reviews LLC and its administrators, officers, workers or members of their households, in addition to individuals interviewed for articles and interviews on the location, could have an extended or brief place in securities talked about. Administrators, officers, workers or members of their rapid households are prohibited from making purchases and/or gross sales of these securities within the open market or in any other case from the time of the choice to publish an article till three enterprise days after the publication of the article. The foregoing prohibition doesn’t apply to articles that in substance solely restate beforehand revealed firm releases. As of the date of this interview, officers and/or workers of Streetwise Reviews LLC (together with members of their family) personal securities of Lion One Metals, an organization talked about on this article.

Charts supplied by the writer.

CliveMaund.com Disclosures:
The above represents the opinion and evaluation of Mr. Maund, primarily based on knowledge accessible to him, on the time of writing. Mr. Maund’s opinions are his personal, and are usually not a advice or a suggestion to purchase or promote securities. Mr. Maund is an impartial analyst who receives no compensation of any sort from any teams, people or firms talked about in his studies. As buying and selling and investing in any monetary markets could contain critical threat of loss, Mr. Maund recommends that you just seek the advice of with a professional funding advisor, one licensed by acceptable regulatory companies in your authorized jurisdiction and do your personal due diligence and analysis when making any sort of a transaction with monetary ramifications. Though a professional and skilled inventory market analyst, Clive Maund just isn’t a Registered Securities Advisor. Subsequently Mr. Maund’s opinions in the marketplace and shares can solely be construed as a solicitation to purchase and promote securities when they’re topic to the prior approval and endorsement of a Registered Securities Advisor working in accordance with the suitable laws in your space of jurisdiction.


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