IvanLabrie
Long

PAAS: Go long on strength

NASDAQ:PAAS   PAN AMERICAN SILVER CORP
We have a nice chance to enter longs in $PAAS here, if we break above Friday's high, we'll have a chance to retest the resistance above, as the arrow indicates. Risk is a new low, so the stop is really tight.
$PAAS has some of the biggest mines, and low operating costs, although still not profitable, so, it's not suitable for longer term investment unless you size it below 5% of your account. Here, the tight stop is ideal for a swing trade, but not for long term trades, and since I think it's likely to have sideways price action in metals, for some time, this is the type of trade I'd like to take in the sector.

Good luck,

Ivan Labrie.
Trade active: I accidentally market bought at 15.44 when placing my trade entry, oh well.
Trade is now valid.
Comment: I'll watch how it evolves here, we could hold this for some more if XAGUSD keeps going.
Comment: I'll book this one at the open today, or just trail stops up.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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