BTO: Oversold short term. Speculative $6.50 to $7.50 in 8 days
Based on past oversold on the 1 hour chart, we can expect a correction to favour the bulls until the past resistance/support at the mid 7.50s CAD. That's generally a 11-13% gain in 7 to 8 days.
All these gold miners are going to get a lot of attention in 2021 with gold about to likely take another bull run. After all, all asset classes are going up so gold, although it has lost its luster to firecracker crypto, is a unloved short term asset until it rotates to shine again.
Speculative, short term long. On the medium and long term, bulls have to prove themselves. The bears have ruled in 2021.
All these gold miners are going to get a lot of attention in 2021 with gold about to likely take another bull run. After all, all asset classes are going up so gold, although it has lost its luster to firecracker crypto, is a unloved short term asset until it rotates to shine again.
Speculative, short term long. On the medium and long term, bulls have to prove themselves. The bears have ruled in 2021.