Now we will review the latest stock charts for Giant Mining.
There was a strong rally in Giant Mining around the time that the last update on it was posted back towards the middle of January. However, after that, many investors in the company will have, not unnaturally, been disappointed to see the stock drift off lower so that by the end of April it had lost all of the gains resulting from that rally. Yet, as we will now see, the outlook for the stock is better than ever.
On the latest 14-month log chart for Giant Mining, we can see exactly what has happened — the pattern on the chart has morphed into a large bullish Cup & Handle base. That this is a genuine Cup & Handle base is made clear by the persistent heavy volume as the price rose steeply in January to complete the right side of the Cup, which is “signature” volume behaviour for this type of base with the heavy volume over the past month or so following the dip to form the Handle being characteristic of an intermediate base, meaning that it should now turn up. The pattern now looks like it is complete and with little downside momentum driving the gentle decline of the past several weeks — the MACD indicator is very close to the zero line - it looks ready to break out into a major new bull market.
The five-year chart shows us that the low base pattern that is completing follows a long and especially severe bear market from the much higher levels that prevailed back early in 2021. Whilst this chart is of limited use technically, one important point that we can observe on it is the big volume buildup that has occurred since the middle of last year, which is interpreted as bullish because it means that a lot of stock has transferred ownership from stale old holders to new buyers who we can assume believe in the future of the company and will be less inclined to sell until they have turned a significant profit.
Giant Mining is therefore rated a strong buy for all time horizons and a positive consequence of the rather “droopy” Handle of its Cup & Handle base is that it has presented us with another excellent entry point. The first target for an advance is CA$0.60, the second target is CA$1.00, the 3rd target is CA$1.80 – CA$2.00 with higher targets possible.
Giant Mining Corp.'s website.
Giant Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5), C$0.20, BFGFF on OTC, $0.147, FWB: YW5. Closing prices for June 6, 2025.
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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. 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 cannot be construed as a recommendation or solicitation to buy and sell securities.