MOY 0.00% 5.1¢ millennium minerals limited

Hi @flaming I think your FA on many to most individual goldies...

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  1. 984 Posts.
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    Hi @flaming

    I think your FA on many to most individual goldies right now might be superior to mine and that on MOY is definitely much better than mine (I saw your other comment).

    I have not been following the MOY story for many years although I remember the chaotic times of 2014-2015

    MOY is however still on my list of goldies where I monitor the share price a bit –

    BDR RSG WGX AGG AQG WAF DCN PRU NST OGC EAR GCY ORR BLK MOY ETPMAG (silver ETF) GDX NCM EVN RMS RRL SAR MML DRM SLR

    These are some I try to monitor on a regular basis (share price and chart support/resistance) mostly and although I do have others on watchlist too, I am open to add them to above list if it seems warranted. You will find that above list is generally popular with most regular HC gold commenters

    Because I genuinely enjoy macro analysis of different sectors, you’ll find my past detailed HC comments on gold macro, iron macro, oil macro, property macro, graphite macro etc. This however does leave me less time to be detailed on individual stocks and as far as goldies is considered, I’ve more or less given up going into too much detail on a stock. This is 1 reason why you’ll rarely find me commenting on individual goldies.

    As far as MOY is concerned, I always have the chaos of old times at the back of my head and it has been well far away from highs of 2016. Perhaps, this is why I’ve been a bit spooked with MOY, although I admit that my research is definitely out of date, and my being spooked may be unjustified.

    From immediate chart point of view at first glance, there could be some resistance around 18 c, further and perhaps stronger resistance around 20 c and support around 15.5 to 16c. Chart support/resistance is 1 factor I’ve been giving a lot of importance to these days. It does not always work out but gives me better sleep. For eg. I might be open to getting in if it does indeed reach 15-15.5 cents but again like I said, I'd have to read up on FA then to follow up.

    The eg I gave you on that other comment was SLR. See the reason I held there inspite of possible resistance was positive operational results around 40c. This gave me the confidence to hang on all the way to 64.5 otherwise I might have sold even earlier. A lot of hit and miss and does not always work but we got to try and see what method works best for us. There are many ways to try to make money on the stock market and I often try to experiment with different strategies.
    Cheers
 
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