Chart above shows price of HL (silver mining company) and below shows silver futures. HL price is landing on a very strong support area. And silver futures just made a nice bounce off the monthly support. Looks like silver (and gold) is forming a huge inverse HS. It may take a few more weeks to build up and break out. Also HL is trading at 4 dollars, a psychological price. If you enter now your risk is very low (SL 3.8) but the regard can be great at least to $6. I'm long here and I may add If I see buyers activity.
Comment:
I just saw that the snip of silver futures is overlaying the HL chart, sorry about that: Here is a better view of HL chart:
Comment:
Worked pretty well:
Trade active:
Is accumulation to break up. silver still strong, so much room to the upside:
Trade active:
If it breaks the resistance zone is going to test the 5 level. Looks very strong:
