Nothing but smiles for AG holders coming. But on serious note, this coiling for a biggly breakout.
$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...
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...
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 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...
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...
Miners have bottomed for the quarter and have already started their next leg up
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.
short position on will be adding to short once range is broken, hedge position using SL1!
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
On July 24th, SLV closing over the 2016 August high of $19.71. The next Fibonacci level (.786) is $23.48, then $26.93. On the options market, August calls for $22 was over 7000. Sept $22 calls over 12000. July 23rd, a $24/29 October call spread bought 20k in volume. FOMC meeting is July 30th and expecting jpow to say they are printing more money. Hope you all are...
Newrange Gold Monthly breakout with highest monthly volume ever. www.youtube.com
this one was actually really nice to chart lol. Alright so at the bottom i drew the little cup and handle play that started this run. also drew the trend line to the right. it has been continuously turning resistance into support so thats awesome. Idk if you can make calls on this but i would. If next resistance breaks Im expecting it to fill in that gap that i...
This precious metal is getting decimated after Chinese factory production(electronics) collapses in the month of February, down -12% in this trading session. This is going to be the deal of the century once a bottom is found as gold and silver are the only money to stand the test of time with over 5,000 years of recorded use as money, especially in a world where...
According to my chart, $PAAS has been building uo momentum and it's movement is getting parabolic towards last high at $19.20 It will need high volume since there will be some action. the indicators show possible bull strenght allowing me to take a long/buy order right on top of the last high zone with a tight stop using the supertrend levels. My targets are...