Plains All American Pipeline, L.P. PAA reported fourth-quarter 2020 adjusted net income of 29 cents per unit, which missed the Zacks Consensus Estimate of 31 cents by 6.5%. Also, the bottom line declined 54% from the year-ago quarter’s figure.
I have done some Fundamental along with technical analysis.
The company has a bit dissapointed fundamentals.
However;...
Theoretical silver squeeze tops with respect to the M1 money supply
I'm just going to post the WSB SLV DD as it has lots of stuff you need. And you can now comment in WSB, I think...
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WSB started to promote silver, just as they were promoting AMC, BB, and all the...
Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is...
Silver breaking above recent high and bouncing off support at $26.21. Upside Target Price = $28.18 for a 3.4R trade!!
MACD breaking above 0 line and Bullish divergence and rising showing NEW Uptrend on Dailly Time Frame and resuming Weekly Uptrend. ALL Time frames weekly, daily, 8 hr show a BUY signal.
Expect Silver to eventually Break ATH but 1st $28.18. But...
$PAAS seems to be re-establishing its upward momentum despite resistance from the overall market.
This trader has placed a long call on PAAS, as well as doubled down on the stock position during today's slight dip. Both could be 2+ week holds waiting for this trend to firm up and shake out some investors on the inevitable dips. We do seem to see the...
Silver is looking to breakout soon and with all the Monetary Stimulus coming Silver is a good store of value. Not to mention Biden's GREEN NEW DEAL will call for Solar panels all using SILVER. Demand will go up and PAAS is poised to reap the rewards more than the underlying commodity.
The Chart shows planned entry at the OPEN tomorrow morning. (Expected Entry...
$PAAS was on fire until mid-October.
It has since that point been sideways trading, albeit with a slightly downward channel to the consolidation wave. That is somewhat ominous, but it is equally as difficult to guess if $PAAS can (FULLY) reclaim the momentum it had earlier this calendar year.
While this trader has taken on a position on the notion that it does...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Lets see...
If it rises to the top of the channel. That would give it a whopping P.E. of 14
Not bad considering earnings growth of 25%+ over the next 5 years
Also nice dividends...
Most of the miners should be bought on any and all dips...
PAAS will trigger a long entry on a break and daily candle close above the flag. Low volume on this pull back supports the bullish case along with DXY breaking to lower lows on the daily time frame. Pan American Silver Corp should follow the precious metals if they break out. Fibonacchi confluence with a 0.382 retracement off the 3/16 lows and a 0.707 retracement...
I think it will pop higher. If it pops lower, then look to buy at the 2019 trend, which is also the D100ma.
The usual summer consolidation may end early this year (See DXY). This means that the bottom is already in. The next leg up has already started. However, the usual winter impulse move higher should still happen in late Nov or Dec.
failed break out confirmed Silver is now back in the upper range, if we test the lower range market structure could be easily Brocken and their is more reward to the down side, I will be entering my trade on ticker PAAS and covering any pull backs on SL1
