Regarding the Greenland/U.S narrative, I think I've been mentioning a lot about
$GRML since the $4.00 area this week.
Another one that I didn't talk about much is
$GLND. Both are pretty much following the same narrative structure.
The share structure for
$GLND isn't as good as
$GRML in terms of short term move but it's more stable.
I don't think there's a need to over-expose your portfolio with the same type of stocks since they both should be moving in the same direction but either way, I make sure both are covered in my community;
Told the guys to aim for $2.40 adds with stops under $2.35 on Monday.
I also said $3.55+ is where we can expand. We are now up over 100%. π°
When you pair technical analysis with a strong macro narrative, most of the times, you're just waiting for volume to hit. (check the chart for levels and reference)
If there's no change in the macro narrative and no sudden offering with a hold above $3.55, I would love to see this hit $5.00/5.25 and more. π