PME is currently in an ascending channel with bearish RSI divergence. Has hit resistance at top of channel, stoploss above last swing high with target at next resistance level or could even come down to fill gap, moving SL to BE when safe to do so. RR 2:1
ASX:PME Price target is shown on the chart, extremely bullish during the pandemic. Good luck mates, don't miss the train!
It's a buy for me if $PME can close above the yellow line and above the 200 ma (red line). Thus, the resistance will turn to support with three moving averages acting as support too. There is a trendline at the bottom of the wicks which acting as support too. Technical indicators are turning bullish. Worth adding to your alerts and shortlist.
Silver 4 hour is now at a crucial support level. If this level breaks we see 15.800 next. Indicators don't look great for silver bulls. Adx shows that theres still a strong bearish trend and Stoch RSI shows we still have strong selling pressure. A sell would be at its place, once 15.800 hits move your stop loss to the entry price.
Silver is still bearish when looking at the indicators. I expect it to touch the lower range around 17.5 and a possible break of the range from that point. The past years silver seemed most comfortable in the 15.500-16.800 zone. This sunday we have the french elections, I personally expect that Le Pen wont win, giving the Euro a boost on monday. However I also...
PME has broken the previous downtrend with a huge increase in volume. Now it seems going for a correction. Look to the price action on a lower timeframe for a potential wave up.