BHWX - Black Hawk Exploration Inc. (OTC) : A Tale of Divergence

[DogDayTrader]

As you may or may not know, divergence is regarded by technical traders a possible sign of trend reversal. For the past 4 trading session BHWX has been displaying some divergence in it's RSI and MFI indicators, showing the strength of the stock is weakening while money is still moving in. All the while holding it's short term support of .50 - .52. If the money keeps flowing in and the price remains range bound, once it breaks out of it's range on stronger than average volume, especially if it breaks through it's 20 day MA, the price will have a strong incentive to go up.

It could be something and it could be nothing. I am not suggesting you buy at this point, just put it on your watchlist and see if anything materializes.

DDT

[Cosmic]

One to be wary of.

Black Hawk Exploration - Gold, Lithium Mining

Been kicked around a lot by various promo guys. Lithium is hot but virtually none of these brine guys ever make a profit, many never are actually in business for real.

Real thin float ` 8 million. Two guys hold like 2/3 of the stock.

Nothing there to get my interest. If I really wanted a real lithium play would do GALXF. Don't seem to have any money. Did apparently drill a brine hole. The real lithium business is not particularly profitable at the commodity raw product level. GALXF you are getting a value added kick with integrated production / processing plus some by products. Discussion of the brine producers on GALXF website info. Even the ones in South America are less than thrilling investments.

If the stock was real, real cheap be one thing, too much risk of a promo in my book. Too much like a back yard operation, the gold who knows, they just don't have the wherewithall to do much, me thinks. See it at times on them promo alert type mailings.

Lot more profit in press releases and stock. The real stuff you can get dirty.