Noldo

Pan American Silver : Long Setup

Long
Noldo Updated   
TSX:PAAS   PAN AMERICAN SILVER CORP
The fact that Silver prices remain cheaper than the S&P rally may have a positive effect on the stock.
In order to reduce the financial leverage, the Stop-Loss value has been manually converted to lower values.
In addition, the buy signal was taken from the weekly chart :


The infrastructure on which the analysis is generally based is given in related ideas.
Parameters :

  • Risk/Reward Ratio : 1 / 2.48
  • Stop-Loss : 28.72
  • Goal : 34.57
Comment:
We've gone through the cheap )) already I intend to continue this trade, even if the symbolic stop explodes, I share it as a new idea.
Unless there is something to reverse the table, the stop can be stretched a little more.
Trade active:
Trade is active
Trade closed manually:
When the XAUXAG parity is broken down, the analysis will be shared again.
Let's close here without much damage, I'm hopeful of the deed, but we can open a much better position.
Let's wait for the commodities to settle.
Comment:
I insist on the target price, physical keepers may not close their positions.
The analysis is very close to the stop values, on the other hand I have to think about the leveraged traders, so it was a little early in terms of time,regards.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.