Pan American Silver: Exciting!
The tension is building! Pan American Silver is getting closer to the middle of the blue zone between $21.88 and $13.94, where it should ideally complete wave (ii) in blue. As soon as this is done, Pan American Silver should turn around and move upwards, heading for the resistance at $40.11. A 38% chance remains, though, that the price could drop through the blue zone and below the support at $10.61, thus initiating further descent below the next support at $5.38.
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