COMMENTARY
Chart clearly shows this as a historic level of support and resistance for the penny stock. The last few times
HL
tested the level, it failed to break above it. Right now, it's trading right at this level; not quite breaking above but not breaking down either (yet). I think we're going to need to see gold pick up some steam for it to get over the hump from a technical perspective IMO.
QUOTE
"Shares took a 2-week break from Hecla’s second-half run in 2019. However, on January 14, Hecla stock began to return to its bullish trend. The stock jumped from $2.98 to highs of $3.18 just after 11:30 AM EST. This week, analysts from RBC raised the price target for the stock from $1.90 to $2.75. However, RBC maintained its “Underperform” rating. This came just a few days after analysts at CIBC upgraded Hecla from “Underperform” to “Neutral.” The firm also boosted its price target from $1.75 to $3.75."
QUOTE Source: Top Penny Stocks To Watch Right Now; 1 Up Over 100% Since November
Chart clearly shows this as a historic level of support and resistance for the penny stock. The last few times
HL
tested the level, it failed to break above it. Right now, it's trading right at this level; not quite breaking above but not breaking down either (yet). I think we're going to need to see gold pick up some steam for it to get over the hump from a technical perspective IMO. QUOTE
"Shares took a 2-week break from Hecla’s second-half run in 2019. However, on January 14, Hecla stock began to return to its bullish trend. The stock jumped from $2.98 to highs of $3.18 just after 11:30 AM EST. This week, analysts from RBC raised the price target for the stock from $1.90 to $2.75. However, RBC maintained its “Underperform” rating. This came just a few days after analysts at CIBC upgraded Hecla from “Underperform” to “Neutral.” The firm also boosted its price target from $1.75 to $3.75."
QUOTE Source: Top Penny Stocks To Watch Right Now; 1 Up Over 100% Since November