NASDAQ:PAAS   PAN AMERICAN SILVER CORP
Another miner headed for the stars. I would be cautious and wait for a PB to get in or manage my position accordingly. It wil be interesting to see what happens at the twin peaks just ahead.
My guess, we slice clean through and then drop.. the confluence of resistance at the 51-54 seems to be the likely target in the near term.

Comments

Hey BengalTigger - thanks for your post. i'm a newbie...
what position do you think it will pull back to for an entry point?
Is the red line @ 42 the previous high point? does that mean its a step on the way to the stars ;-)?
How do you know there are "twin peaks" ahead? What does that mean???
Thanks in advance for 'splaning to me!!!
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BengalTigger happytrader33
@happytrader33, Given the magnitude and speed of this last move to 37, It is likely that if there is a PB, the 30-32 area could act as support.The red line denotes likely resistance from the "Twin Peaks" highs and rejection points in 08 and 11.
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