With Gold set to out perform in 2021 we have focused on specific Jr’s within the space that we believe present large upside potential, Eric Sprott is a large share holder of this company owning upwards of 19% of the fully diluted outstanding shares. Recent insider buying, strong drill results at South Mustang Extension and bullish technical’s are great proxies for a higher higher share price
Symbol: SKYG.v
Market Outlook: Taking a look at Sky Gold on the daily chart it has started to break out of it’s bullish descending triangle pattern, volume has been steadily above average in the past 6 months .
Support: $3.60
- 21sma – $0.16 (Daily)
- 100sma – $0.165(Daily)
Resistance: $0.21 | $0.25 | $0.35 | $0.50 | $0.55
- Upper BB – $0.175
- Key Resistance – $0.21 (Daily)
Technicals: MACD made its cross on the daily chart and trying to push above 0, we’re seeing increasing volume with a breakout back test of the descending triangle. Recent price action has taken SKYG back above the 100sma on the daily chart with great support from the 200sma respectively. We expect to see this continue it’s strength into 2021
Sentiment: BULLISH
