SILVER BREAKOUT and Bounce off support = BUY SIGNAL!
Updated
Silver breaking above recent high and bouncing off support at $26.21. Upside Target Price = $28.18 for a 3.4R trade!!
MACD breaking above 0 line and Bullish divergence and rising showing NEW Uptrend on Dailly Time Frame and resuming Weekly Uptrend. ALL Time frames weekly, daily, 8 hr show a BUY signal.
Expect Silver to eventually Break ATH but 1st $28.18. But expect Silver Miners to outshine SIlver.
Checkout PAAS Trade posted here.
As I said in that post I expect Silver to take everyone by surprise. I expect PAAS to break out tomorrow as I described in that thread.
Entry = $26.39. SL = $25.89. TP $28.18
MACD breaking above 0 line and Bullish divergence and rising showing NEW Uptrend on Dailly Time Frame and resuming Weekly Uptrend. ALL Time frames weekly, daily, 8 hr show a BUY signal.
Expect Silver to eventually Break ATH but 1st $28.18. But expect Silver Miners to outshine SIlver.
Checkout PAAS Trade posted here.
As I said in that post I expect Silver to take everyone by surprise. I expect PAAS to break out tomorrow as I described in that thread.
Entry = $26.39. SL = $25.89. TP $28.18
Trade active
Trade is in slight losing position now as Entry Price was $26.39. Will keep SL at $25.89 and let trade play out.Trade active
Still slight losing position but price still looks poised to breakout. Probably next week. The price is hugging TL support and Horizontal Support right at $26.36. Since I am not in a winning position I do not like to ADD to a losing position. However, I think we are due for a breakout soon and expect confirmation with a breakout above recent high of $26.70. That would be another BUY signal but given the lack of a winning trade right now I will NOT add to this trade yet.Trade active
Does not look like many people are interested so I will not update this thread post. having said that I pan to stay in this trade most all of 2021 and probably beyond. This swing trade is likely to turn into a position trade and longterm hold of many months. Well in profit now and will only update when I get out of trade. Otherwise for anyone watching this in the future expect that I will attempt to buy the dips and expect this to be a rather large gain by the end of 2021.Note
SL hit in Jan 8, 2021. Losing Trade for loss of 1R. Just updating this Trade Idea.
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