usaI use this as a proxy, still at weekly turning point so could just be down channeling now, Trump twitter can turn crap on a dime so careful
USAS trade ideas
ride the bullish trend in precious metals with USAS9/20 USAS formed and inside candle on weekly chart with a bounce off 3 moving averages (200 MA, 100 MA and the 20 EMA. It finished the week strong and with the its bullish momentum, increasing volume and the strength of precious metals, this one looks like is well on it way to test the 2018 highs around $5.00 (+60%).
TSX-USA Short Position confirmed TSAccording to our analysis this is stock will start a bearish trend going down to 3.5 levels where will test support, if it breaks could be a good opportunity to buy.
USAjust some simple indicators on 4hr that I use for these trend bursts, lotsa warning of trend change and buy opps....down until superguppy ribbon gets pointy
Back again on the trendlineMorons think that the silver bull market is over just because the SPY makes new highs without understanding the correlation with e.g. Russel 2000. Just because oil prices push prices higher and we have a very normal pullback in silver after a parabolic move doesn't mean the trend is over. We bounce on the trendline and now great news. Is this one of the greatest buying opportunities on the market at the moment? Keep track of the cycles in the wave, looks like USAS is going to enter the next one very soon.
Two for One ?Currently this ticker has recently broken out of a Bull Flag on the daily, with a target of about 4 bucks; and, with any luck we will see the weekly turn into a Cup-N-Handle very soon as well.
Good luck out there!
AMERICAN SILVER CORP HAS 28% UPSIDE.=====PRICE TARGET $4.30=====
RESISTANCE $3.65-$3.90
COMPANY PROFILE
Americas Silver Corp. engages in the acquisition, exploration, development and exploration of mineral resource properties. It focuses its operation in Mexico and the United States. The company was founded by Peter Jude Hawley on May 12, 1998 and is headquartered in Toronto, Canada.
Americas Silver Corporation is another silver miner I like.MMHVW - I’m looking at a potential Head & Shoulder leading into Elliott Waves counts 3,4 & 5. The financials are not bad on this company neither and it’s share price is below the future cash flow value at a substantial discount (> 40%). Their level of debt (16.7%) compared to net worth is satisfactory.
Americas Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States. Do your own research and learn how to invest. Get to know about the company. Did you know that silver is the second most used commodity after oil and with the electrical transformation taking place at the moment will be the number one most used. Soon the price of silver will skyrocket. This is used in all mobile phones, solar panels, mirrors and the list goes on. Also good idea to own some physical metal. Silver, Gold, Palladium ( the price of this is currently above gold and platinum).
AMERICAS SILVER CORPORATION - NYSE: $USAS Requires Your EyesEarlier this month, shares of AMERICAS SILVER CORPORATION - NYSE:USAS recaptured its 200 DMA and has subsequently put in a nice rush into higher ground on the heels of the recent move in Gold to multi-year highs as we can observe in the Daily chart above.
In addition, USAS now finds itself trading above all of its important moving averages 20/50/200 DMA's, which depicts a healthy technical posture.
While the stock may be in need of some consolidation at present after its recent surge, we're monitoring the action closely as we believe that any signs of weakness or pullback from present levels may provide opportunity.
Thus, both investors/traders may want to keep a close eye on the action moving forward as we suspect that USAS has eyes for the $2.60-$2.70 zone and when and if achieved, we may just witness a run into the $3-$4 zone in the not too distant future.
Small Cap Miner Play on PM Price MovmentPrecious Metals markets have been doing well these past few weeks.
GC1!
SI1!
A lot of the miners have already made their gains and caught up with the market, but some have not.
Last night and this morning I have been searching for small cap miners that are playing catch-up with some upside.
I found this beauty on my stock screener.
USAS has just broken above it's 200 Day MA and this triangle pattern I have drawn. It seems like a great set up to me and I am going to take my chances on it assuming PM prices hold for a few days/week and this little guy ends up trying to catch up with the rest of the market.
Note that I have no extensive knowledge on the company fundamentally. Just looking at price.
is it a good time to buy USAS Americas Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of precious metals and polymetallic mineral properties in the Americas.
Americas Silver's level of debt (13.6%) compared to net worth is satisfactory (less than 40%). Earnings and revenue are expected to grow significantly at over 20% yearly.
Looks cheap to me.
USAS - look for bottom under $0.50 centsPattern looks pretty clear to me. We see recent 3 wave corrective bounce up which means one more dip before the correction could be over. 30 to 50 cents could be a GREAT entry!
