Weekly Watchlist, Sep.23, 2023
The market is currently correcting as market breadth breaks down quickly. Only 22% of stocks are above their 50 day Moving Average. Use caution this week, here are some stocks to monitor.
Radius Gold - Market cap $26 million Canadian
As the Fed is near the end of it’s hiking cycle, I remain extremely bullish on precious metals stocks moving forward. Radius Gold broke out of a year long base on massive volume this week. They released some photos of drill core, which seem to have excited the market. A potential big winner ahead if these mining stocks really take off.
Premium Nickel Resources - Market cap $190 million Canadian
The stock showed up on my scanner this week after making a new one month high before some selling pressure. It looks like a bottom has possibly been achieved, I would look for it to break above the trend line in a meaningful way before I get involved.
Sienna Resources - Market cap $16 million Canadian
A Nevada Lithium play, these have been looking interesting lately as they try and follow the success of Surge Battery Metals. Huge volume coming into this stock over the last 3 weeks as it broke out of an important trendline.
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