I noted the bullish potential in HYMC last November when I felt they had 4 of the 6-essential ingredients in becoming a meme: Meme Stock Candidate HYMC.
They recently checked the final two boxes, and things could get interesting if prices break above $2.00.
HYMC Price Target
To confirm a bull flag breakout, HYMC needs to close above $2.00.
Sustained upside follow-through above $2.72 would promote a flag target near $7.00 and perhaps as high as $10.00.
Dropping below $1.00 would be negative and support a breakdown.
Disclosure: I’m long HYMC shares and warrants.
AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For regular updates, please visit here.
AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle that will begin to unravel in 2020.
