After it had initially been dragged back to the bottom of the blue zone between $13.94 and $21.88, Pan American Silver is currently taking another whack at resurfacing from its depths. By now, the course has managed to establish a new high since the end of wave (ii) in blue and should continue the ascent. We expect the share to leave the blue zone on the northern...
Silver looks attractive. I was anticipating a three week test of the low, testing 17, but even with the Fed's remarks that aggressive interest rate hikes will continue, silver held its ground. Saw a piece yesterday on seasonality in precious metals prices. The author suggested that silver is seasonally strong from November through the end of February. The...
Pan American Silver has made extensive use of the blue zone between $21.88 and $13.94 and has little room left to finish the overarching downwards movement. As soon as it has completed wave (ii) in blue, though, it should turn around and gather enough upwards momentum to head for the resistance at $40.11. However, there is still a 45% chance that Pan American...
She hit the floor (she hit the floor)
Next thing you know
Shawty got low, low, low, low, low, low, low, low…
“Shawty”, in this case, is Pan American Silver, which is shaking its “big booty” in its “apple bottom jeans” to the beat of Flo Rida’s song Low and is progressing deeper into the blue zone between $21.88 and $13.94. It has not (yet) “hit the floor” but...
The tension is building! Pan American Silver is getting closer to the middle of the blue zone between $21.88 and $13.94, where it should ideally complete wave (ii) in blue. As soon as this is done, Pan American Silver should turn around and move upwards, heading for the resistance at $40.11. A 38% chance remains, though, that the price could drop through the blue...
So far, Pan American Silver has only been snorkeling along the surface of the blue pool between $21.88 and $13.94. However, we expect it to put on its diver’s gear and to plunge deeper into the water to finish wave (ii) in blue. Afterwards, Pan American Silver should emerge from the depths and rise above the resistance at $40.11. There remains a 38% chance,...
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek,...
If PAAS can break and close the $26.84 resistance on the 4hr and daily candles, we can expect a rise to $28.11 (first target) and then $29.19 (second target). - HH
$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...
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...
Gold Silver Mining Stocks Breaking Out
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