Wash. Rinse. Repeat: The SNWGF (Snowline Gold Corp) short swing trade has hit the top of the T2 (second price target) zone for a 25% profit, fresh on the heels of the previous short trade that hit the second & final price target for a quick 23% profit a few months ago, with a perfect exit/reversal from there. (previous chart from March 20th/final target hit, below).
SNWGF daily March 20th
The current trade was posted here in the April 30th Swing Trade Ideas, GDX, & Silver Analysis video just over a month after nailing the exit on that trade (this link will start at coverage of SNWGF) with a sell signal to come on a break below the primary (yellow) uptrend line.
As SNWGF has hit the top of the T2 price target zone with a reaction likely here & especially on a little more downside to the bottom of the zone & intersecting primary uptrend line, as that is even better/dual price & trendline support. With positive divergences building & the odds for a tradable bounce/reversal likely soon, I am removing T3 & T4 to make this the final price target at this time.
Depending on how the charts of gold, GDX, the US Dollar, & SNWGF develop forward, I may add SNWGF back as another short trade, ideally after a bounce off this target zone. For those looking to close the short & reverse to a long position here and/or down to the bottom of this T2 target/support zone & intersecting uptrend line, potential bounce targets are shown at the arrow breaks in the updated (second) chart below.
SNWGF video screenshot 4-30-26
SNWGF daily June 24th