FNL has now reached a couple of support lines. Upward move is possible...
could see a reversal here. A lot of room for this stock to increase in price due to high inflation.
Long above 940p Stop-loss: 890p Target (Range?): 1080-1110p Last: 920p Break of line A_B is initial swing trigger. That's around 940p
Chart pattern: Bull Flag Entry: 976.2$ (this would end the trend of the correction) Stop: 825$ Target: 1750$ (1:1 Fibonacci extension of the former impulsive move) Risk/Reward-Ratio: > 5:1 Stopmanagement: Parabolic SAR daily chart default settings
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 897.6 GBX
With stronger Gold and Silver prices. FRESNILLO may come back to old highs. Up signals are broken, so it is a good entry point
Fresnillo stock price is still very low. With higher profits 2021 than 2019 is the stock very cheap, espacially with rising silver prices. So there is a great gap to be closed.
The beauty of tracking a small number of stocks - it's like muscle memory of the market - let's see if the same things play itself out again.
LSE:FRES 27 January 21 Update on Fresnilo Uk Share. Price moving DOWN to the Potential area of Demand. First Posted on 15 January 21
LSE:FRES Friday 15 January 21 Fresnilo Shares closed At 1087. Forming a 🐻 Bearish Engulfing Candle. Price could potentially fall to the Demand Level below Around 860. Look for Support Around this area.
Use a price reset as a longterm buying opportunity
This is making its U-turn, it takes time for this big cruise to turn around and head to north pole for Xmas. changing direction of its mid-term and long term down trend. 50MA crossed above 200MA recently Consolidating after strong reversal patter short term consolidation triangle is getting too small. Volume shows perfect time for a break out
Fres is looking in to some fall back after hitting that monthly level... We will see what comes out of this 2/1 ratio...
Bought Today MACD Reversal To Upside Silver Also Looks To Be About To Move Higher Price Action Has Stayed Nicely In The Channel Price Target Around 861 LET ME KNOW YOUR THOUGHTS
Fresnillo is now off to the races to 1065 before it hits the next resistance level. I would then expect to go back up to 2016 highs once silver breaks out of its descending channel.
If you are looking at opporunties to play silver and gold upside, I suggest you to look into FRESNILLO. Prices have just broken out a long falling wedge (over 2 years). The risk reward is appealing.