GMA, Geomega Resources Chart Study

 

Geomega, a Canadian company in the rare earths sector, broke a 16-month down trend today:

GéoMégA Resources "is a multidiscipline, Quebec-based company focused on two key avenues to increase shareholder value: Innovation (breakthrough in physical separation of REE) and exploration for rare earths at the Montviel project (100% owned)."

We note that a nearly 3-year down trend looms not far above, however that'd be roughly a 50% gain if it gets there.

Just beyond that is likely resistance around $0.15 and above that it could skyrocket. 

Caution: stock markets overall are extremely stretched and a massive reversal seems imminent.  That would likely drastically affect junior venture markets too. 

We own GMA shares bought last year at an average price of $0.09

GMA owns a significant amount of shares in Kintavar Exploration (do your own due diligence), which we hold at a significant gain.



 

 

 

 

 



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