Almonty wins final certification to start Sangdong commercial operations
Almonty has obtained final approval to begin commercial production at the Sangdong Mine.
With a definitive catalyst in place—final approval for commercial production at the Sangdong Mine—and the current price of $13.84 trading close to the May 20 low support level of $13.25, purchases can be considered with downside rigidity secured.
Since a rebound trend is confirmed in the oversold zone and near the support line, as long as the share price does not decline and breach the stop-loss level of $13.25, I will hold the position and take profits when it reaches the resistance level of $19.45.
RSI (14) has entered the oversold territory at 26.7, and the moving averages are in a non-aligned state. Trading volume increased to 1.22 times the 20-day average, and the volatility over the past 7 days recorded -24.5%.
While there is no basis for direct similarity, referenceable global top-performing cases include VEEE, which recorded a 451.7% return on 2026-07-16, LRCX, which recorded a 346.8% return on 2026-07-06, and AEMD, which recorded a 336.4% return on 2026-09-18.
Based on the positive news of final approval for the commercial production of the Sangdong Mine, the oversold condition with an RSI of 26.7, and the proximity to the 20-day low support level ($13.25), a rebound was anticipated and a position was entered. However, the actual result was a -10.5% return, breaching the stop-loss price of $13.25 and resulting in a FAILED verdict. This confirmed that the positive catalyst was insufficient to completely offset the strong downward pressure from the non-aligned downward trend and the recent 7-day volatility rate of -24.5%.
Even if technical indicators point to the oversold zone and positive catalysts exist, we will refine our criteria to avoid prematurely predicting the bottom and entering during a downtrend with a non-aligned moving average structure, opting instead to execute trades only after confirming clear signals of a trend reversal.