A short term downtrend has been broken and there are several indications to buy. Volume
has been increasing, MACD
is showing it is about to cross, Stoch RSI
is showing that the stock is not trading at an overbought level, and it is trading just above the 20 Day Moving Average which has been acting as a line of support/value for the past few months. Also with the recent rally of silver
, this stock will climb even higher with its large silver
mining projects in Peru having an estimated 290 million ounces in reserves.