649bruno
Long

Gold Miners Spotlight: Hecla Mining, Strong Uptrend

NYSE:HL   HECLA MINING COMPANY
36 0 3
Hecla Mining has been a very bullish gold-miners stock. The chart indicates a "Continuation Diamond" pattern.
This pattern is considered a bullish signal. I have highlighted this pattern in fluorescent green.
How does the "Continuation Diamond Pattern" work? (I'm glad you asked).
The price action creates higher highs and lower lows as the pattern broadens out.
The trading range begins to narrow after the "high peak" (May 17th, 2016). The lows then start trending up.
The continuation diamond pattern happens when the price action breaks out of the diamond....
You can see that this did happen June 24th, 2016, the day of the Brexit turmoil.
Other gold-miners shares, as well as-GDX, broke out to the upside on this day.
The upside projection for Hecla Mining is approximately 20% in a month. The time approximation can be figured because the "Continuation Diamond" pattern took this long to complete.
The percentage may be calculated by the distance from the low ($3.85) to the high ($4.79), this is 94 cents, or roughly 20% up from here.

I would like to close with three quotes from Jay Leno:
1. “The reason there are two senators for each state is so that one can be the designated driver.”
2. “You can't stay mad at somebody who makes you laugh.”
3. “How come you never see a headline like 'Psychic Wins Lottery'?”

My goal is to entertain and inform. I hope all of your trades go well. Don.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out