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Miningstocks

Hummingbird Resources set to bounce from channel's bottomHummingbird Resources LSE:HUM is a gold miner, which stocks are traded on the London Stock Exchange. It benefits from a very low valuation with a PER of less than 4 at the time of publishing. After a lengthy consolidation inside a descending channel the stock price now hits the lower channel's boundary in a super oversold condition. It is time for a bounce in direction of the upper channel boundary, before expecting a channel's break to the upside.
HLong
by ChartsAndTrends
Silver Miner’s retail investor-Fueled SurgeSilver-exposed stock $ASM climbed early on Monday, after a surge in retail trading pushed the price of the precious metal to an eight-year high. Silver has rallied in recent days as some users on social media have seemingly turned their attention to the metal. “What we don’t know is exactly how this is happening,” said Markets.com analyst Neil Wilson. “Clearing out of shorts by worried hedge funds, retail-driven bid, ETFs flows driving the physical market, smart-money front-running the trade, or a combination of all these,” he added. The surge came after the dual-listed miner, which has a silver operation in Mexico, disclosed last week plans to sell up to $25 million of newly issued shares into the U.S. market. Exactly what kinds of investors are behind the current run-up in metal prices and silver-exposed stocks is uncertain, but clearly opportunities have arisen. A number of posts on the WallStreetBets forum advocated buying silver, while #silversqueeze has also been trending on Twitter. However, many posts also argued against the trade. “The issuer community will flood the market with capital raises, particularly the U.S.-listed ones who can access the superior liquidity with ‘at the market’ equity issuances,” www.barrons.com finance.yahoo.com
AMEX:ASM
by AlenCiken
Reddit Traders Are Taking Aim at Silver stock $LODE$LODE Would also be one of my top picks if we are entering a Silver Bubble over the next month. You can clearly see that it's a reverse split and has the lowest float for a silver miner that I could find. This came after a surge in retail trading pushed the price of silver to an eight-year high. As the war between Reddit board traders and hedge funds continues, it seems to me that a “silver squeeze” could be imminent. Popular subreddit r/WallStreetBets (WSB) could be hinting to bank on silver stocks, which sent prices of the semi-precious metal sharply higher late last week. In detail, one Reddit poster mentioned that the silver bullion market could also be one of the most manipulated on Earth. The user also encouraged many other retail investors to trigger a short squeeze in silver paper shorts. Now to be fair, we know that there is a strong demand for the uses of silver. From solar panels to electric cars and electronics, silver has an enormous appeal as a precious metal and industrial asset. Could silver stocks be the next target for Reddit day traders and their crowdsourcing power? If so, we could be seeing another rally that GameStop (NYSE: GME) has enjoyed so far this year. Whether or not WSB’s obsession with silver is short-lived remains to be seen, but there’s no question that $LODE stock and other top silver stocks are heating up right now. With all that being said, do you have a list of top silver stocks to buy amid silver’s rapid rise? www.nasdaq.com
AMEX:LODE
by AlenCiken
1
ASX:SYR ready to play in the bullish club? 🧨🚨😀🚨ASX:SYR, has lost the enthusiasm of investors since the plunge from the 6$ levels. Everyone was thinking it is a dying stock. It dropped to the abyss towards 0.150$ during the Covid crash in March 2020. But is it time to reboot this dinosaur and prepare the entry for a multi-bagger potential speculation? Lets dive deep and analyze. ASX:SYR has not been on my radars for quite a while as it was in a clear downtrend, but for the last 9 months, it seems to prepare for a well known bullish structure. that is none other than the Cup and Handle structure. This structure is inherently bullish and I am waiting to see it playing out before I open any long term position on this stock. With current situation, this Cup and Handle would be playing out if the price was to break the 1.30$ levels but remember this can only be confirmed if the breakout volume is good enough and if the price stays above the 1.3$ levels. For now, I am keeping this stock on my observation list and see what it does in next few weeks. From other Indicators point of view: Weekly PSAR says we are in a bull trend. We are above 21 Weekly EMA, which is a good sign as well. RSI is in overbought territory which worries me a little bit. The stock is near its 52 weeks high this a sign of strength. This stock is over 140% above its 200MA this is over extended and entering requires to be very careful and play well with the SL. I will keep an eye on this stock and will update you when I find anything interesting or if the structure is invalidated. Lately I have not been sharing charts and some of you asked me what happened but I am gathering great structure that potentially can lead to juicy profits. Also I am waiting to see the clear direction of the major indexes as of now we seem to be in a choppy zone and that is not a great place to be trading. it is a place to strategize. Stay safe and if you like this TA, smash the likes and share it with your friends. XTF
ASX:SYR
by xtf_ze_trader