Infinity Stone Ventures Corp.'s (GEMS:CSE) “mission statement” on the Homepage of its website reads as follows…
“Infinity Stone´s mission is to be a one-stop-shop, single sources supplier for the critical energy metals being used in the clean energy revolution. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators, by acquiring a majority interest in critical minerals projects in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.”
We can thus immediately deduce that this company is in accord with the spirit of the times and meets with the approval of the Davos crowd. As we will proceed to see, its stock looks ready to advance, and it is worth noting that it has completed the first tranche of financing, which implies that the rest will be completed soon, which will lift a restraining factor on the price.
The issue price of this new stock at $0.20 explains why the price has been close to this level in the recent past.
The 16-month chart shows a rather fine Cup & Handle base approaching completion, with the bottom of the Cup being made up of a fine Double Bottom.
The volume signature of this base pattern is characteristic of it being a genuine Cup & Handle with heavy volume on the sharp rise to form the right side of the Cup.
The pattern looks mature with a proportionate Handle having formed, which means that it is probably about ready to break out.
The conclusion is that Infinity Stone is a Strong Speculative Buy here for an advance at least to the top of the large trading range that will probably be followed by a major breakout leading to a strong advance to higher levels.
Infinity Stone Ventures' website.
Infinity Stone Ventures Corp. closed at CA$0.21, $0.165 on August 18, 2022.
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The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
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