8 Top Diamond Stocks: Great Opportunities For 2019 And Beyond 2020

The list of diamond mines may be long. That’s why we focus on the top diamond stocks. We made a selection of the top eight diamond stocks. They reflect the state of the industry. We believe it’s sufficient to analyze the top diamond stocks as opposed to all diamond stocks.

The diamond sector view: PICK ETF

The iShares MSCI Global Metals & Mining Producers ETF (PICK) seeks to track the investment results of an index composed of global equities of companies primarily engaged in mining, extraction or production of diversified metals, excluding gold and silver.

The monthly chart of PICK show that its price found supported twice in the 25.5 – 28 area. If the right shoulder scenario does not play out and price moves higher than the ‘head’ it would suggest a continuation of the uptrend. It would ultimately send price higher to challenge 55.3


PICK ETF: the monthly chart

Top diamond stock Rio Tinto

Rio Tinto (ASX: RIO) is listed in America, Australia, Switzerland, UK and Germany. We take a look at the chart from Australia.

The monthly line chart of Rio Tinto shows a huge consolidation of cup shape since the 2008 top, price looks set to challenge ~ 118 price zone again.

This is a very enticing chart setup, a typical rounding bull flag formation in the context of a long term rising channel. This suggests a bullish outcome provided the rounding formation is not broken to the downside.

top diamond stock rio tinto

Rio Tinto: monthly chart

Top diamond stock Lucapa Diamond Company Ltd 

Lucapa Diamond Company Ltd (ASX:LOM) is an emerging global diamond group with high-quality mines in Angola and Lesotho, along with exploration projects in Angola, Australia and Botswana.

Lucapa Diamond monthly chart illustrates a gigantic consolidation triangle where price is near the tip of triangle and a big decision has to be made soon. Given the potential bullish sentiment with massive support region, we prefer to take the bullish stance and subsequently breaking of above the downtrend line unless, price breaks below the support zone.

top diamond stock lucapa diamond

Lucapa Diamond: monthly chart

Top diamond stock Sarine Technologies

Sarine Technologies (SGX: U77) is the worldwide leader in the development and manufacturing of advanced systems for diamond technologies and gemstone production.

The monthly chart of U77 looked ugly after its 2014 top. It is still officially in downtrend with no sign of reversal. But price has approached the channel support and major horizontal support. These dual support areas could play an important role on how it develops in near future.

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Disclosure:This article only serves an educational report. We do not intend readers to buy or sell stocks because of our writing(s).

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