Here’s an updated daily chart of the HMY long with the initial targets and suggested stop level added. I’ve also redrawn the pattern into what might be a descending channel with a slight overthrow on the panic selling last week. As with the HL long trade, a scale-in strategy using a below average position size is my preferred strategy for any mining stocks at this time. Also note that additional target may be added to these trades if they begin to get some traction.
