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Hello fellow investors / traders,
Let's cut to the chase, I think Discovery Minerals Ltd (DSCR) could bring us some solid gains.
The chart on DSCR gets me really excited. Lengthy sideways consolidation and accumulation, and what looks to be established support at $0.0016 - $0.0017
Its 200 day moving average could be acting as
support, while its 50 day moving average of $0.0026 could be a magnet to
reach. If so, we are looking at a 40%+ gain.
DSCR is another very small market cap company, giving us an excellent opportunity for a move higher off this consolidation.
DSCR also has a history of some big moves -> 75% - 200% gains over 2 - 3 days seem to be a common occurrence. Just check out this chart below and see for yourself.
You can see the massive run higher DSCR had in Feb/March, but also note the strong 2-3 day gains it has had in April and May.
And now DSCR has pulled back 70%+ from its recent highs, the risk/rewards are now in our favor.
For those who might be looking at DSCR for more than a trade, here is some information on the Company...
DSCR operates in two distinct industries with a new and concerted focus on its Hemp business.
Discovery Hemp
Discovery's
decision to devote a considerable portion of corporate focus and
capital towards an Industrial Hemp channel was formed through
identifying, leveraging and developing existing contacts and market
opportunities for hemp related products in Canada and the USA.
The
Company has begun implementing its vertically integrated farming,
processing and sustainable usage of industrial hemp through a
cooperative effort which enables all parties throughout the process to
prosper and achieve their independent and collective goals.
Source: HempEthics Paramount to the Company's sustainability model is that revenue is
generated through the processing of all parts provided from the hemp
plant: the seed, the bast or fibers, and the hurd or woody core. The
application and eventual granting of a license to grow and process
Industrial Hemp with an independent network of growers as well as
servicing the processing needs of existing licensed growers in Canada
fulfills this sustainability concept.
The Company will continue to source and ultimately execute
cooperative agreements with like minded farmers that would guarantee
the harvest supply through in-house processing capability. Discovery
looks to position itself with access to existing and emerging product
distribution points within the processed hemp material industry.
End user products will include hemp oil and high protein cake derived
from seed (grain); processed fiber for use in industrial, construction
and building materials and; scalable ethanol production derived from the
remaining or unusable hemp biomass through the harvesting or
processing. This excess ethanol can be sold for profit thus reducing
grower's net input costs.
Source: HempEthics Discovery is assembling a team of acknowledged experts and advocates
capable of facilitating a turn-key model for farmers/growers. This model
will allow farmers and growers to seamlessly tap into the required
knowledge base needed to transition their existing resources into Hemp
cultivation. Some requirements Farmers need to understand encompass: 1)
how to choose the best strain of seed to grow in their geographic
location based upon their desired harvest, 2) how to best harvest the
crop, 3) irrigation issues, 4) expected outcomes, and 5) profit
potential, to name a few.
Discovery Minerals
Discovery Minerals is a production stage company formed to acquire
and develop natural resource properties. Activities include gold,
precious metals and minerals, including rare Earth minerals production
and sales.
The company has initiated a new program to consider undervalued
assets and clean tech and alternate energy investments, for potential
addition to its portfolio.
Also check out the recent news the company has released...
I think DSCR could be an solid trade opportunity today.
With a great looking chart and plenty of
positive recent news flow to keep investors interested, DSCR could see higher prices in the coming days.
As always, do your research now and be ready at the opening bell.
ShiznitStocks.com
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