One of the silver/gold miners I follow with a nice pullback to the .5 fib. I will be watching this (and gold and silver prices) over the next few days. Anything near 3.50 is a buy with tight stops IMO. If it goes lower than 3.50 it may retest 3.11 support. Target is 6 dollars for now.
Good Luck (Buona Fortuna!)
The long term chart of Silver appears to be firming up and possibly breaking out as of today:
If so, the chart of Fortuna Silver can return to the highs. We can see that the "small" pop to $20 silver in 2016 sent FSM to its highs, almost ten dollars.
If the bull market is back and silver surpasses its 2016 highs, who knows how high FSM can go?
There are...
I haven't posted any ideas recently but I have been following TSX:FVI for some time now. Double Bottom Reversal is now in play.
What do you guys think?
An intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the downtrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to...
One of the best gold/silver stocks based on fundamentals just made a reversal on critical support. Very underpriced stock, trading below book value. Stock is extremely oversold both on weekly and daily based on Williams%R oscilator and just made bullish daily reversal (big marubozu candlestick) on support.
I see 2 possibilitys here either fortuna is under a accumulation or redistribution i know this may seem like a redistribution theres a chance this was a terminal shakeout if we creep up back into the prior tradingrange that would be utterly bullish. This stock seems to be in weak hands hence the possibility for a shakeout.
Whether direction it goes we should be...
FSM seems reaching at a level where it couldn't make higher. However, Since June, FSM's volume are increased significantly. It indicates that some Momentum traders accumulated around here(6.00-6.20). This is a good bet to move higher with the smart money.
With silver still coiling in its base, I still see an explosive rally possible in the future. Patience is still required but the last few months have not been all that difficult. Silver seems well supported in this area.
My other silver miners have done well, like PAAS.
By breaking below support, Gold has also dropped to ICL levels from which it should rally. ...
FSM is in the middle of forming a doubled bottom to be completed once it crosses 5.76. Entry is looking at 5.80 - 5.90 with profit target of 6.52 and stop loss of 5.66.
NYSE:FSM
Shares of basic material companies are surprisingly surging up after several days of down consolidation. Companies such as Alamos Gold Inc., Golden Minerals Company, B2Gold Corp, Fortuna Silver Mines Inc. and Gold Fields Limited are performing extremely bullish for the last two sessions during which two vital bullish candle patterns have been formed: engulfing...
![FSM: [Long] FSM long term](https://s3.tradingview.com/x/XWwhL18T_mid.png "[Long] FSM long term")
