Friday I opened puts for hecla
if we test the 5 support tomorrow and fail to break, im long 5.01 to 6.0
Hecla Currently testing a 2 month resistant
we Should see the market start making moves toward the 6 level near earnings
market dump held by a strong support at 4.70
rejected at 5.25
Testing 5.0 for a support
could possibly see a 5.50 tomorrow on opening
my take profit would be 5.97
open trade 4.74
Hecla is in a classic descending triangle. This is as textbook as it gets. I extracted fibs and gave my personal opinion for where we are headed. If DXY (dollar) continues to pump we will certainly see lower prices soon. We look to be breaking down as of open on 9/23. When the dollar pumps everything gets wrecked, Happy trading!
to key 50 or 200 day (red) MA on daily as well as 5 EMAs on higher time frames
I could see one more thrust up and a break of the trendline down - but if it just goes up from here then all bets off, there will be no typical pullback after a monster ~300% move up. This case was 380% since march lows.
Hecla Mining (HL, $5.51) was one of top quarterly gainers, jumping +121.44% to $5.51 per share. Tickeron A.I.dvisor analyzed 51 stocks in the Precious Metals Industry over the last three months, and discovered that 50 of them (97.14%) charted an Uptrend while 1 of them (2.86%) trended down. Tickeron A.I.dvisor found 268 similar cases when HL's price jumped over...
