After a parabolic run-up it appears HL has done a pretty standard H&S pattern. If you look at the hourly, after the initial neckline break there was a clean backtest. Currently we are looking at the first real back test on the daily timeframe.
The target is roughly $2.75. Monitor for break of recent retracement and enter with a stop above the neckline.
Hecla has just given a buy signal. Volume has to gain a bit more before we see an outbreak.
Fundamentals are superb!
See for yourself the latest financial report: outstanding!
The patterns are shinning very bright for Hecla. When the shareprice crosses the 6,60 line, the pattern tells us that we could see higher prices in the nearby future.
HL bouncing back from MA200 & seems made some base here. It is showing upward moment now & we think it can easily go above $7 from here.
Trade Criteria
Entry Target Criteria- current price, $5.83
Exit Target Criteria- $7.13
Stop Loss Criteria- N/A
You can check detailed analysis on HL in the trading room/ Executive summary link here-
www.screencast.com . (...
Take your time to take advantage of this chart. The bigger picture looks extremely well! On the other hand: Short term positions could also be profitable...
I have used here the impuls-wave to get a broader perspective. My count fits in the bigger pattern (and the smaller minuettes-waves) and when my count is right we could be starting leg three. Conformation is above 7.40. Above 7.40 we can calculate the target of impulse-wave 5. Looks promising ...
Deutsche Bank builds up BIG positions in Barricks, Rand Gold, Sibanye, AngloGold and Hecla Mining!
When a bank is building up positions you may assume that there’s a reason behind it...
This is a little gold miner than came up on my high implied volatility screeners (the others were AUY and KGC).
Metrics:
Bought Shares at 5.82
Sold Oct 21st 6 call
Whole Package: 5.35 db
Max Profit: $61
ROC: 12.1%
Moving Averages of 50, 40 and 30 convey clearly just how much momentum and confidence there is in a stock. Pay close attention to the 40 day moving average. Simple and effective.
HL running within a downward channel, if it can break it up we think it will easily go to 7 area.
You can check our detailed analysis on HL in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 4:10"
Trade Status: Pending
This is chart 5 in components of-XME.
The previous four charts were of basic metals.
The basic metals stocks are werk. Thus, XME-has weakened.
So beware, the precious metals components have to stay strong to keep XME-in a bullish trend.
Good luck to you. Don.
Part Two of Two.
This chart matches the chart of-GDX.
Don's Top-Ten Technicals:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line.
4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of...
I have recently published a series of bullish articles about-XME.
HL-is one of the components of-XME. The strength of this chart speaks for itself -
It is one of the metals stocks which is contributing to the strength in-XME.
XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis...
