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THESIS GOLD - I have a thesis that this is about to take off higher...Clive Maund I have a thesis that this stock is going much higher, and not only that but also that its ascent is likely to start very very soon. I do not have to go into the fundamentals of the company because Mr Bob Moriarty of 321gold has just done that in his article Thesis Gold is on Sale for Presidents’ Day and I trust his judgement on this, even if Thesis is an advertiser on his site and he owns shares, especially as the charts concur in indicating that Thesis is headed higher and is at a terrific entry point here, having completed a large base pattern. Mr Moriarty has a habit of moving stocks with articles such as this particularly if the timing is good technically speaking so it seems likely that it will gap up when trading resumes tomorrow, especially as investors have had an extra day of public holiday to browse articles such as his. I believe what is likely to happen is that it will open with a gap and ascend vertically for a while, perhaps until mid-morning and then be hit by some profit taking or selling into strength, but I don’t think it will give up much of the gains before it stabilizes and continues higher. The right tactics therefore are for those interested to buy it as soon as possible after the open, and failing that to buy on the first reaction after the initial spike considered likely. A positive background factor is that the entire sector looks set to lift off soon which is a big reason why gains made this time are likely to stick – it probably won’t return towards the lows of the base pattern again. The charts below tell the story from a technical perspective… (Click on images to enlarge) Thesis Gold website Thesis Gold Inc., TAU.V, THSGF on OTC, closed at C$0.82, $0.608 on 20th February 23. With thanks to Mr Bob Moriarty of 321gold.com for kindly bringing this to our attention in a timely manner. ### Feb 20, 2023 Clive Maund is an English technical analyst, holding a diploma from the Society of Technical Analysts, Cambridge, England. He lives in Chile. Visit his subscription website at www.clivemaund.com. Disclaimer: The above represents the opinion and analysis of Clive Maund, based on data available to him, at the time of writing. Clive Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Clive Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Clive Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stockmarket analyst, Clive Maund is not a Registered Securities Advisor. Therefore Clive Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. Charts courtesy of StockCharts.com. Copyright ©2003-2023 CliveMaund. All Rights Reserved. 321gold Ltd |
