FSM is on a 30-minute chart. The trade idea is that FMS suffers in drops in spot sliver but
thrives when spot silver rises as its fixed expenses in mining allow for increases in margin
in a curvilinear fashion when spot silver rises. This is more so than a senior miner such as FCX
that moves slower when metal prices rise or fall. I see the quick geopolitical...
Fortuna Silver Mines (FSM): NYSE:FSM
Since the entire silver sector and especially the precious metal sector interest us, we decided to take a closer look at Fortuna Silver Mines. We believe that in the daily chart since the COVID-19 low at $1.47, we have developed the overarching Wave I and Wave II and are now in the overarching Wave III. This should...
There may be others that I have not seen...but I see nothing else as compelling as this trade...a R/R >10 over the next 12 months...with a significant portion of that return being before year end in my opinion. The length of time that this name has spent bottoming and consolidating and such a clear exit point...make this a MUST BUY here and NOW in my...
FSM looks good and it seems to be ready for more upside.
Key support has held and Williams Alligator looks like it's going to have a bullish cross which would be a buy signal.
3 targets are shown on the chart.
58 % upside potential on FSM
Good luck
Pretty close to if not already at bottom. Maybe a repeat of price action from Sep 2015? Strong USD apt to continue to pressure silver price for a bit longer
Alright people, I'm extremely bullish on FSM. I smell blood everywhere. I will hold some shares of this stock for at least a year or more. this is the second miner stock that I added to my portfolio. The first one was NYSE:IAG
IAG Target:
This is not financial advice, If you want to take this long have to understand how EW works.
Cheers
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Going into the Earnings report on August 11th, I think we will have a great bullish swing with tons of upside, ex. going from 4.10-ish to the 5.90 level at a minimum, and potentially even higher depending on the news.
The company has been struggling in the last few years yet now is dishing out a ton of positive news about their ventures and the scale of their...
The price of Fortuna Silver is at the support level of a multimonth range. Aggressive traders can enter immediatelyor you wait for some kind of reversal candle which could form at the support level and use the confirmation of the reversal candle as entry. Also, the buy signal of the MACD in combination with the parabolic SAR produced valid results in the recent...
Retesting the 200 EMA, and holding the trendline very nicely. Silver is is hot demand and Fortuna has the capacity to offer it.
I've added this to my security bucket.
With a B/V of 5.02 per share, this seems very very promising.
Are we primed for a breakout?
Let me know what you think in the comments below.
(This is not financial advice)
NYSE:FSM
