Expert Says Copper Co. a Strong Buy on Minor Dips

Source: Clive Maund 05/23/2024

Technical Analyst Clive Maund shares an update on Giant Mining Corp. (BFG:CSE; BFGFF:OTC; YW5:FWB) to explain why he believes it is a Strong Buy

Giant Mining Corp. (BFG:CSE; BFGFF:OTC; YW5:FWB) has worked out very well for us so far. Right after it was recommended on the site, it broke out of the small Cup and Handle base that we had correctly identified and forged ahead so that by Friday’s close, it had doubled, as we can see on its latest 3-month chart below, with the earlier wide bid-ask spread narrowing significantly.

This advance was on good volume, which drove its volume indicators strongly higher and broke the price clear above an important resistance level and above its 50-day moving average, which is now turning up, all of which is bullish. Today, the price reacted back somewhat, which it is entitled to after such a runup.

The substantial financing that was announced as closed on the first of the month was oversubscribed, and any future ones are expected to be as well. With a strong bull market getting underway in copper, Giant Mining is expected to continue to advance, and as there is no significant resistance until the CA$2.75 area is reached, it continues to be rated a Strong Buy, especially on any minor dips.

Giant Mining Corp.’s website.

Giant Mining Corp. (BFG:CSE; BFGFF:OTC; YW5:FWB) closed at CA$0.80, US$0.6222 on May 22, 2024.

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Important Disclosures:

1. Giant Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, Giant Mining Corp. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Giant Mining Corp.
3. Clive Maund: I determined which companies would be included in this article based on my research and understanding of the sector.
4. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
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Clivemaund.com Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. 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 stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

( Companies Mentioned: BFG:CSE; BFGFF:OTC; YW5:FWB, )