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Expert Says Anyone Holding Should 'Stay Long' With This Gold Co.

Source: Clive Maund

 

December 22, 2022 (Investorideas.com Newswire) Expert Clive Maund reviews the 4-month and 1-year charts for Lion One Metals to tell you where he sees it going in the coming year.


Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX; LLO:ASX; LY1:FSE) is a small to mid-cap gold that is looking most attractive again here.

On its latest 4-month chart, we can see that, after an ugly break lower and sharp drop in mid-September, it has marked out a remarkably fine and clear Cup & Handle base. The strong rally during the first part of November to complete the right side of the Cup was caused by the company releasing good drilling results, and the subsequent drift lower on dwindling volume to form the Handle of the pattern was due to light selling in the absence of significant news.

Now, with volume having dropped to a low level, it looks ready to break out of the entire pattern, and of course, one possible catalyst would be the release of more good drilling results.

On the 1-year chart, we can see that Lion One has halved in price from its June peak, even after its gains from its October lows, and it looks like a good value here.

This chart also makes clear why the rally in November stopped where it did - the price had run into the zone of considerable resistance shown.

Having dropped back and regrouped, it is now better placed to make a serious attempt to overcome this resistance, especially as it has completed a clear base pattern.

The conclusion is that Lion One is looking most attractive here, so anyone holding should stay long, and this is a good point at which to make fresh purchases.

Lion One Metals' website.

Lion One Metals closed at CA$0.79, $0.58 on 8th December 8, 2022.

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. Mr. 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, 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 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.

Disclosures:

1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.

2) The following companies mentioned in the article are sponsors of Streetwise Reports: Lion One Metals. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lion One Metals, a company mentioned in this article.

Charts provided by the author.

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