HLHecla is now at an S/R level it has revisited several times in the past during a long consolidation phase . My guess is this is one of the last times it will see this level . Good buy spot right here .
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About Hecla Mining Company
Sector
Non-Energy Minerals
Industry
Precious Metals
CEO
Phillips S. Baker
Website
hecla-mining.com
Headquarters
Coeur d'Alene
Employees
1.85K
Founded
1891
ISIN
US4227041062
Hecla Mining Co. operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, and Nevada Operations. The Greens Creek segment is located on Admiralty Island near Juneau in southeast Alaska. The Lucky Friday segment is located in northern Idaho. The Casa Berardi segment is located in the Abitibi region of northwestern Quebec, Canada and is operated by Aurizon. The San Sebastian segment is located in the state of Durango, Mexico and contains underground mines. The company was founded by Amasa B. Campbell, Patsy Clark, and John Finch on October 14, 1891 and is headquartered in Coeur d'Alene, ID.
Hecla Mining Daily Log ChartHecla Mining approaching HUGE confluence of resistance.
If congestion area can be overcome, then gates OPEN to previous highs over 9$.
#hecla #silver #fintwit
HL:Dip buying!Hecla Mining Company
Short Term - We look to Buy at 3.87 (stop at 3.42)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous resistance at 3.90 now becomes support. Dip buying offers good risk/reward. Further upside is expected.
Our pro
nice back test on Helcadivergence on macd and rsi. backtesting previous resistance. still room on old cup and handle play
Hecla MiningThe 6.50$ area is a significant resistance area. The horizontal price level is also corresponding with the 200MA and the 38 Fibonacci Retracement of the march low of 2020 and the last significant high. The trade will be entered when the price closes above the 200MA in combination with a high volume.
Hecla MiningStrategy/Chart pattern: Bull flag
Entry: Closing price above 7.05$ in combination with a high volume
Stop: 6.24$
Target: 9.44$
Risk/Reward-Ratio: around 3:1
HL - bearish formationI would love to be proved wrong here, but HL is forming a bearish formation here. I remain long term bullish.
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
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