Enstar Group Pref D ADR: MACD Death Cross & Bearish Marubozu on 15min Chart

Enstar Group Pref D ADR's 15-minute chart has exhibited a MACD Death Cross and a Bearish Marubozu pattern on June 20th at 15:00. This indicates that the stock price has the potential to continue its downward trajectory, with sellers dominating the market and bearish momentum likely to persist.

Critical Metals Corp. (CRML) has announced a significant milestone in its development plans, securing a non-dilutive funding letter of interest for $120 million from the U.S. Export-Import Bank. The financing is earmarked for the company's Tanbreez Project in Greenland, one of the world's largest rare earth deposits. This funding, under the EXIM’s Supply Chain Resiliency Initiative, represents a significant step towards the project’s estimated $290 million capital requirement [1].

The company's CEO, Tony Sage, described the announcement as a “tremendous milestone” that underscores the asset's world-class potential to counter China's market dominance. The funding is expected to advance the project's feasibility study, which aims to be completed by the end of 2025, with a focus on bringing the Tanbreez project into production as soon as possible.

The news of the funding has been well-received by the market, with CRML's stock surging on Monday. According to data from Benzinga Pro, the stock traded up 21.2% at $2.461, with volume exceeding 6.8 million shares, well above its 100-day average of 2.19 million. The stock has traded within a 52-week range between $1.23 and $12.00, with short interest standing at 1.35 million shares, representing 5.62% of the float [1].

Enstar Group Pref D ADR's 15-minute chart has exhibited a MACD Death Cross and a Bearish Marubozu pattern on June 20th at 15:00, indicating that the stock price has the potential to continue its downward trajectory, with sellers dominating the market and bearish momentum likely to persist.

References:
[1] https://www.benzinga.com/trading-ideas/movers/25/06/45954782/critical-metals-crml-stock-surges-on-120-million-us-government-funding-interest