XME metals & mining BO falling wedge, targets 82 measured flagXME is one of the few etfs that still have a large upside in an environment of high inflation & supply chain issues especially those related to EVs, batteries, semiconductors & renewable energy.
82 will be the measured move of a bull flag BO. 82 is also a confluence of FIB 1.618 & 3.0 & 0.786.
39 is a very strong support so this support will hold & therefore gives a very good risk-to-reward ratio.
Not trading advice
Metalsmining
Value Hunting in the Silver Junior Mining SpaceWith silver likely to surpass its 2016 peak of $21 this year in 2020, some of the overlooked silver junior miners may catch a bid here.
In order to get back to just its 2016 peak, Impact Silver would need to increase 197%.
I think at minimum we will get a 100% move in Impact Silver in 2020, with a less likely upward potential of 275%.
This a miner you want to be accumulating while cheap and owning during the next bull market in silver.
Very little debt. Is a producing junior miner. Has survived multiple bear markets. Highly leveraged to the price of silver.