Sandstorm Gold (SAND: NYSE)

We’re thrilled to report that SAND Mining just capped off a record year, producing 82,376 ounces of gold and containing their average cash cost per attributable gold equivalent ounce to just $1,511, leaving an approximate margin of $284 per ounce. 

This is great news for investors, as analyst’s estimate that SAND could generate between 85,000-100,000 ounces of gold in 2023, with an even more impressive 140,000 ounces by 2025. With gold prices remaining on their current trajectory, this could lead to explosive revenue and earnings growth. 

Given these facts, we are bullish on SAND and believe that stockholders should stay invested in the company as long as their stock remains above $5.45-$5.50. Our long term upside target is $7.80-$7.90.

Extreme Networks (EXTR: NASDAQ)

The company has experienced a significant 29% increase in annual recurring revenue from its software-as-a-service (Saas) operations, which has helped drive a record year for revenue and earnings in 2022.

Furthermore, recent service enhancements have improved the user interface and experience, allowing customers to automate tasks related to new sites and services, while also saving deployment time by over 90% and boosting their security network via hyper-segmentation. 

Additionally, the company has completed Wi-Fi 6 network deployments on five NASCAR racetracks, which is a testament to their commitment to innovation and growth. We believe that EXTR is poised for continued success, and we are bullish on the stock as long as it remains above $16.50-$17.00. Our upside target is $26.00-$27.00.

BTC/USD

On the weekly timeframe we are speaking Bitcoin is approaching a quite obvious previous weekly support zone which is now turned resistance exactly at the $33.000 area.

The past three weeks there was literally no movement in Bitcoin price so we are now just waiting for the market to pump another 15% towards the upside before then rejecting the resistance area.

On the daily timeframe you can see that Bitcoin has been forming a quite nice symmetrical triangle over the past couple of days so we are now just waiting for a breakout and then we simply do expect more continuation towards the upside.

ETH/USDT

On the weekly timeframe Ethereum just recently perfectly retested and already rejected the previous all-time-high of the 2018 crypto cycle.

However we do expect Ethereum to break above the resistance and then just create more continuation towards the upside.

On the daily timeframe you can see that Ethereum already broke above a previous daily resistance area exactly at $1700 so we are now just waiting for a deep retest and some confirmation before we then do expect more continuation towards the upside.