The VoSI VooDoo ReportOffbeat Ideas and Commentary from the Depths of Gil's Trading NotesOn February 6th I discussed mine developer
Hycroft Mining (HYMC) as a long entry at 33.32. The stock is now trading at 38.15, a gain of 15% as it clears 20-dema resistance. This has now shifted into an MAU&R at the 20-dema which can be used as an add point or an entry using the 20-day line as a trailing stop or a tight selling guide for initiated positions.
Members should remember that the VooDoo Report is intended to highlight what I feel are my best, off-the-wall trades that exist outside the purview of our normal set-ups, such as pocket pivots, buyable gap-ups, VDU pullbacks, etc. As such, when there is little in the way of these off-beat set-ups I do not post simply for the sake of posting.
So far, HYMC has produce a 15% gain in four trading days. At this stage I am looking for this to hold 20-dema support and potentially build a small launch pad off of which it can retest the highs of late January.
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