Monday Update 2/23
Precious Metals emerging ... ⛏️
In a choppy market, make sure you don’t get chopped up. We are chopping at the top, so it is very important we don’t blindly jump in on assumptions. Set the alerts and let the charts do their thing. Overtrading can be the enemy.
That being said, there were plenty off opportunities out there today and my thesis on Precious Metals is looking good so far (Rare Earth Sector is looking good too ⛏️).
What were some of the winners?
If you made money off of Longs today, you were in the minority. The market has been in a heavy chop in 2026 (especially the leaders; Mag7s).
I shared a few precious metals charts over the weekend (more on them below). But, you can see the Relative Volume came in strong on the Silver Sector Today 🥈
🗒️ None of my charts are a plan to jump in blindly. They are all binary conditionals; confirmation needs to occur
White lines are Support/Resistance I’m watching
Red lines are 🎯s where I scale out(then I set my 🛑s to guarantee a winning trade)
Disclaimer: None of my charts are a prediction. I follow a Binary Process. Losses will occur. Develop your own plan. I am not an Investment Advisory. These are just my personal lines on a chart. What you do with them is up to you. Full disclaimer
The TOP 10 (In no particular order)
#1: NEWP; New Pacific Metals ⛏️
Thesis: Stage 2 Push has not completed yet (look at that Weekly Volume)
Why did this one fly more than the others? ⛏️
NEWP ripped because it had very stock‑specific, de‑risking news on its flagship Bolivian project on top of a strong silver tape, so it got a double tailwind.
What changed for NEWP
The company announced a Framework Agreement for Cooperation and Coordination with the Carangas community for its Carangas silver‑gold project.
That agreement reduces a major permitting/social‑license overhang and is explicitly framed as a step toward converting exploration licenses into mining permits and moving into feasibility work.
They also guided to an extensive 2026 drilling campaign of 30,000+ meters targeting deeper zones and new IP‑anomaly targets.
📓My personal plan: I’ll load any pullbacks that hold support > 4.35
Subscribe to see the rest of my Top 10 (5 here and 4 more in Substack Threads). The Discord Link is at the bottom of the Newsletter. I will also provide Newsletters on Mondays and Wednesdays (that’s 3 Newsletters each week w/ 10 charts). Included in the subscription is also a link to my Volume Journal.
Chart #2: TMQ; Trilogy Metals ⛏️
Thesis: The thesis is still there and it had a good day. Volume coming in off the Falling Wedge compression into the 200 ema can make for a solid setup.
They’ve had the ability to raise up to 200M USD over time (part of the reason for the drop). They completed a $25 million offering in October. They’ve shifted the story from “optional copper optionality” to “de‑risking with government backing,” which helped fuel a strong multi‑month move into January
What exactly do they mine?
Trilogy holds a 50% stake in Ambler Metals, which owns the Upper Kobuk Mineral Projects (UKMP) in Alaska, focused on the Arctic and Bornite deposits.
Arctic Project: Primarily copper-zinc-lead, with significant gold and silver. Probable reserves include 2.11% copper, 2.90% zinc, plus gold and silver credits; life-of-mine production projects 423K oz gold and 36M oz silver payable.
Bornite Project (carbonate replacement): Primarily copper-cobalt, with no notable silver or gold mentioned
U.S. Government Investments 🇺🇸
The $17.8M conditional investment from the U.S. Department of War (part of a $35.6M deal closing early 2026) has boosted confidence, with investors highlighting its role in funding the $35M 2026 Ambler Metals budget for Arctic/Bornite drilling.
📓My personal plan: I will SWING commons as long as 3.50 shows support.
Chart #3: FIG; Figma 🧩
Chart Thesis: This is attempting the reversal from the Falling Wedge. The volume shows the potential behind the move.
Figma provides a browser-based collaborative design platform used for interface design, prototyping, and related workflows.
For Q4 FY25, Figma reported revenue of 303.8 million dollars, up 40% YOY
Net dollar retention reached 136% (strong expansion within the customer base)
For FY25, revenue was 1.056 billion dollars, up 41% year over year
📓 My personal plan. I’m watching 2 key areas of Support/Resistance
IF it pulls back and holds 23.50 support, I’ll Swing Commons
If Momentum confirms > 28.42 resistance, I’ll Swing Calls (3/27 contracts have🔉)
Chart #4: UVXY; Ultra Vix Short Term
Thesis: Rounded Bottom with Volume
We need to talk about this Rounded Bottom. There’s plenty of interest here.
I think we know there’s any number of headlines that could spook the market:
Potential conflict in Iran
Skirmishes in Mexico
Alien files could drop 🤷
These days, I wouldn’t be surprised by much. But, all we need to know is the market is chopping at the top (reason for caution ⚠️)
📓 My personal plan: I will swing March 20 calls IF it confirms > 41.65
How do I handle confirmation? This link explains.
Chart #5: NAMM; Namib Minerals 🥇⛏️
Thesis: Inside Bar consolidating > 20/50 EMA clouds (note the low float)
Namib Minerals primarily mines gold at its How Mine in Zimbabwe, a high-grade underground operation that produced 36.6 koz of gold in 2024, generating about $86 million in revenue. It also holds the Mazowe and Redwing mines (both gold-focused, with restart plans underway) and 13 exploration permits in the DRC targeting copper and cobalt (imagine if “restart” plans are announced).
Hot Sector + Low Float could be Short 🩳 Squeeze
📓 My personal plan: I will look to swing commons if 3 holds support
Chart #6: RDW; Redwire 🚀 🛩️
Thesis: Falling Wedge pulling back on low volume
⚠️ They have earnings on Wednesday. If I go in, it will be small in Commons. I just want to bring this chart to our attention as this will be a big stock to watch under “Iron Dome” and defense news.
Redwire Corporation is frequently linked to “Iron Dome” news due to its involvement in U.S. missile defense initiatives resembling Israel’s Iron Dome system. Investors and analysts draw parallels because Redwire supports projects like the Missile Defense Agency’s SHIELD IDIQ contract (up to $151 billion ceiling) and the “Golden Dome” program, a proposed U.S. homeland shield against missiles akin to Iron Dome.
Iron Dome Association
Redwire’s space and defense tech aligns with layered missile defense architectures. The Golden Dome—pitched under President Trump’s defense push—is explicitly compared to Iron Dome in market commentary, positioning Redwire as a key infrastructure player via acquisitions like Edge Autonomy (drones/UAS) and contracts for multi-domain sensors/AI.
Key Defense Contracts
Redwire has secured prime positioning in high-value defense work, though many are IDIQs with task-order competition
📓 My personal plan: I’ll go in small as long as 7.50 support is holding
🖥️ More charts in Substack Threads soon (“Volume Stocks Charts” channel)
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🔊 Volume Journal (link): My Digital Journal that logs Relative Volume Spikes