Watch that dark blue line - being above it is good and breaking below it is bad. So far it seems to provide very strong support. The rise of Silver could be built on this line.
CENX appeared to be just finishing a head and shoulders tops formation (marked by five horizontal blue lines) spanning from Sep 2015 to march 2015. Based on that formation, the price should have retreated to approximately 10 dollars. It went slightly below that but showed some signs of stabilizing. However, CENX also posted revenues that were 26% below consensus...
Coiling within this range since September 2015, lots of potential stored energy in here.
The next breakout candle will be big, I'll be expecting at least $15 within the next 2 months.
At a time of this extreme bearish positioning by hedge fund in precious metal, you should be long :)
www.zerohedge.com
A strong temporary bottom is formed at 13.7 for now. Yellen's...
Start adding here. Excellent risk reward at the bottom of the channel and near oversold levels.
2.41% loss at previous lows vs potential 8%/27% gains.
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For leveraged play on the bounce: Platinum Group Metals LTD
SETUP for a Swing Trade with 5 to 1 and 10 -1 risk reward. ENTRY Range, Initial STOP, and 2 different Target levels listed on Chart. Any Questions happy to answer how I use this setup to make consistent profits.
Setup=
1. Bollinger Band extreme with strong bullish candle followed by 2 days closing above that candles low. Pattern has repeated again and again.
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