Breakout Candidates for the Ember Days

Last week I posted on Medallion Resources as a "rip zone" candidate. It broke out later in the day. Its had cleared resistance opening the potential for an upward jump.

The ones below are not as timely as Medallion. There are not yet ready to rip. They range in timeliness from possibly a few days to more like a few weeks or more, if not much longer should they fail to crack resistance. I have positions in eveyrthing except the silver miner mentioned below, though that one is on my potential buy list. Overall, I'm somewhat bearish on the precious metals miners right now. These will resolve positively with a bullish move in the miners, otherwise they'll need stock specific catalysts. I do not see any imminent news other than Excellon's listing on the NYSE.

First up is Amarillo. Thi needs a gain of about 25 percent before it reaches the "rip" zone. A stop for the downside is 10 percent below the Friday close at long-term resistance, now hopefully turned support. I think it should move after 40 cents, but it might take until 50 cents or 56 percent higher. After that it could run quickly. I own a little of this already, but I may add a trading position. The CEO is presenting at Beaver Creek on September 15, I don't know if that could be a catalyst. I caution that sans sotck-specific news, it could trade at the mercy of the sector.

The next candidate is small and illiquid, but probably not moving for days or weeks. It's a slow moving stock. Long-term resistance is at 13 cents, and 15 cents from the prior large topping pattern. Needs to clear those hurdles.

This is one I highlighted in the platinum post a couple of weeks ago. It will take a positive move in the metal. This could be a slow ride after 45 cents because there's a lot of potential resistance, with targets at $1.00 and $2.00 before a much larger base completes- assuming it gets there.

Finally, here's one that did a reverse split last week. Similar to the other ones on here, it needs a positive price move to complete the bullish picture. The company did a reverse split 1:5 last week. It will be available on the NYSE in a couple of weeks. The OTC shares EXLLF should change over. This one is a silver miner. The daily chart (Slope chart below) doesn't look nearly as good as the monthly.

There are many similar charts in the mining space. These are a few I found working alphabetically through my list. In all cases, unless there's stock specific news or the stock breaks from the overall trend in the market, a downward moving in precious metal miners will likely drag all of these lower and negate potential breakouts.

Bonus non-miner: Kraken. The chart resistance is at 72 cents and 75 cents, but I think it will go quickly if it can clear 72 cents. Next resistance at the all-time high of 92 cents. These guys manufacture undersea AI robots and have been winning NATO military contracts. I bought this last week after news pushed it through a resistance zone.