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...
EXK is a junior miner. With fixed expenses in its mining operations for the most part, margins rise dramatically when silver is rising and the opposite is likewise applicable. This is the crux of using junior miners as a means to profit from trending in precious metals. As a penny stock EXK has hieghtened volatility as compared with Barrock Gold or the GLD...
NGD on the highly reliable monthly chart has signs of bullish momentum including a cross over the POC line of the volume profile,a monthly volume bar over the running mean for the first time in two years price crossing over the mean anchored VWAP and both the trend and the momentum indicators making reversals. I will open a long trade of both shares as...
EXK is a silver mining company with operations in USA Canada and Mexcio. On the daily chart, it has been in a falling wedge for more than six months. The earnings report was a 40% beat on earnings and 2% on revenue. Price broke above the wedge one week earlier. The price action has been supported by higher volumes. The Price Momentum Oscillator and Relative...
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
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...
FSM (Fortuna Silver Miners) earnings came out recently. With the positive earnings report and increase in Silver price, we believe FSM will move higher. In our perspective, Silver looks bullish on the charts. If Silver can maintain its momentum, we believe miners like FSM can benefit heavily. FSM allows the use of leverage in some brokerages, We are long FSM! - HH
Potential gain:30% Reward/Risk:3.3 Timeframe: 1-6wks I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue...
Up strongly daily on projected production for 2021.
Silver mine. Rectangle is initial target. Process your way.
As the silver markets are continually depressed, yet keep showing impulsive character, I believe Fortuna Silver Mines is a great value right now. Keep in mind that we need to hold the ~3.30's for this to stay valid, so that would be a great place to have stops.
The fundamentals look good for Fortuna, and I'm bullish on silver long term anyways. I think I'll be using this stock to invest in silver and profit from rising prices. If this reverse head and shoulders plays out, we could see 60-75% profit. I am not long yet however as I am waiting for a convincing break above the neckline, and a retest of the top of it.
One of the silver/gold miners I follow with a nice pullback to the .5 fib. I will be watching this (and gold and silver prices) over the next few days. Anything near 3.50 is a buy with tight stops IMO. If it goes lower than 3.50 it may retest 3.11 support. Target is 6 dollars for now. Good Luck (Buona Fortuna!)
One of the best gold/silver stocks based on fundamentals just made a reversal on critical support. Very underpriced stock, trading below book value. Stock is extremely oversold both on weekly and daily based on Williams%R oscilator and just made bullish daily reversal (big marubozu candlestick) on support.