$Hycroft Mining Holding Corporation(HYMC)$Would you see that 3.48Million Buy Volume at 1.73! And not much movement after that volume came in?! This is just like Friday's Post Market Where tgere was a 12.5Million Sell Volume at 1.25 without much movement afterwards!?! News came out last weekend that there was an at-the-market equity offering last Friday post market which is reflected by the 12.5Million tall red bar in the secondpicture. Perhaps this means that the 3.48Million tall green bar in the first picture is the opposite? What do you guys think it could be? All I know is there are meme vibes that come from this stock, because the volatility is high given there is news, and even when there is no news as well, like AMC and GME! I can foresee this hitting $2+, but how much it can run up to, depends on shorting power, the high price at which there will be extremeresistance to keep the stock from going further than the resistance point, and the buying power, which, if it is strong enough in large volumes could break opposing resistances from shorters and other profit takers and send this stock soaring 🚀🚀🚀‼️
Please kindly take note, these are only my opinions and views, and given the US Market and current events such as increase in interest rates, Russia-Ukraine conflict and the hike in prices of oil, and precious metals, nothing is certain!! What I mean to say is even if the stock has a bullish outlook and is doing great in terms of financial valuation and is undervalued, it can still go down all the way or go up even when the stock is not doing well, because after all news doesn't add much sentiment nowadays, as we saw $GameStop(GME)$GME rise from $80 about 2 weeks back to $150 despite articles portraying it in a bad place and target price cuts to $30 as well!! Me being panicked sold GME at $80 itself only to sadly find out that it rose so high to $150😅!
Coming back to the fact, please do your own DD and invest carefully and play safely! Pump and Dump are fun plays for those looking to make jackpots instantly, but know when the tide stops and take your profits before the rug pulls, as that will be the most heartbreaking moment, when you start to baghold after the rug pull and wait for months for another ride which may not be as high as the current one onwhich you bought a ticket!
As I posted a few hours back my guess was for HYMC to dip a bit in the pre-Market allowing a solid take off when market opens, however as we are seeing mini-takeoffs now we could probably see a takeoff not so big at market open, or maybe even a dip at the start of market, and then probably it will close above $2 and could go either ways in the post market! Since currently company isnot operating it's mines and they are closed, we need to rely on the next closest announcement which is it's financial report on 31st March, and I may foresee some negative numbers in terms of earnings as this company's financial situation is notin a good place, but given they resume operations things could turn around, so who knows? Let's hope for the best!
This is not financial advice, and just a mere opinion and thoughts from me, so do your own personal DD before investing with HYMC as to make sure you're aware of what you're investing on, whatthey're doing and assess the risk levels of investing into this instrument/stock!
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