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FRESNILLO PLCFF

FRESNILLO PLC

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FRES trade ideas

Fresnillo 250% upside minimumThe major Elliot Wave pattern suggests price will reach all time highs in the next gold bull market / cycle. I believe it is due and Fresnillo has probably bottomed. There is a chance we could continue to have a few more weeks of weakness in Gold and Silver prices which is likely to send Fresnillo a little lower first but I think we are close enough to a bottom now that it is not worth the risk of that not happening. I think it is a good opportunity to sell some stocks and buy Gold and Silver mining companies, it offers a lot of portfolio protection when the stock market crashes which is a good possibility to happen with 24months.
LLong
by TipsOfPips
Fresnillo: Bearish Success 💪🐻The Fresnillo-bears can announce a first success: Finally, the share has arrived at the support at GBP 610! Next, our furry friends should push Fresnillo below this mark to gather further downward momentum. Then, the share should also pass the support at GBP 456.60 to develop wave C in turquoise. However, there still remains a 20% chance that Fresnillo could change direction and climb above the resistance at GBP 997. In that case, we would expect the share to place the new top of wave alt.B in turquoise in the turquoise zone between GBP 1086 and GBP 1292 before turning downward again.
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by MarketIntel
$OTC:FNLP Key Support Line and Falling Wedge Pattern Introduction This concise analysis examines the silver chart, highlighting the significance of a key support line and the presence of a falling wedge pattern. These technical indicators provide insights into potential price movements and suggest a possible bullish outlook for silver. Key Line of Support The silver chart reveals a well-defined line of support that has held multiple times, demonstrating its significance. This support line acts as a price level where buying pressure tends to emerge, preventing further downward movement. The repeated bounces off this support line indicate its strength and suggest that buyers are actively participating at this level. Traders often consider such support lines as critical areas to monitor for potential buying opportunities. Falling Wedge Pattern Within the silver chart, a falling wedge pattern has emerged, characterized by converging trendlines with a downward slope. This pattern typically represents a temporary consolidation phase before a potential bullish breakout. The upper trendline, connecting the descending highs, and the lower trendline, connecting the ascending lows, create a narrowing wedge shape. The falling wedge pattern often indicates a gradual decrease in selling pressure and a potential shift towards upward momentum. Anticipated Breakout The falling wedge pattern suggests a potential bullish breakout in the future. As the price approaches the apex of the wedge, the narrowing range indicates decreasing volatility and a possible resolution in favor of the bulls. Traders closely monitor this pattern as a breakout above the upper trendline can signify the end of the consolidation phase and the start of an upward move. The falling wedge, combined with the strong support line, adds to the potential upside momentum for silver prices. Confirmation Indicators To further validate the potential bullish scenario, traders may look for supporting confirmation indicators. These may include positive divergences in oscillators like the Relative Strength Index (RSI) or bullish candlestick patterns near the support line. Such indicators can strengthen the conviction in anticipating a bullish breakout and provide additional entry signals. Conclusion In conclusion, my analysis indicates a strong support line, a falling wedge pattern, and the support of favourable macroeconomic conditions, all pointing towards a bullish outlook. It's worth mentioning that my previous call on the same stock was well-timed , resulting in a ~ OTC:FNLPF 250% price increase. As I continue to closely monitor price action, I will consider these indicators and draw from my previous success when making informed decisions about investments in silver.
LLong
by joepegler
Fresnillo: Easter Egg Hunt 🥚🐣🐰Has Fresnillo gotten lost, hunting for Easter eggs? We don’t think so! We rather understand the share to be swerving, interspersing its way with a little counter movement. Soon, the course should return to the main path and fall below both the supports at GBP 610 and GBP 456.60 to continue the descent. However, a 30% chance remains for Fresnillo to make a more extensive detour. In that case, the share would climb above the resistance at GBP 997 to develop wave alt.B in turquoise in the turquoise zone between GBP 1086.00 and GBP 1292.50 first before heading downwards again.
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by MarketIntel
Fresnillo: Getting Down for Business 👇Since the end of wave B in turquoise, Fresnillo has been continually getting down for business. And the share should keep going as we expect it to march below both the supports at GBP 610 and at GBP 456.60. There is a 35% chance, though, that the course could turn upwards and climb above the resistance at GBP 997 instead. In that case, Fresnillo should enter the turquoise zone between GBP 1085.80 and GBP 1292.80 to develop a new high in the form of wave alt.B in turquoise before moving southwards again.
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by MarketIntel
Fresnillo: ReasonableFresnillo is back to being reasonable and – in accordance with our expectations – has moved downwards again. Now, it should keep up this drive to make it below the support at GBP 456.60 and thus into the turquoise zone between GBP 473.60 and GBP 250.00, where it should finish wave (2) in yellow. There is a 35% chance, though, that Fresnillo could escape above the resistance at GBP 997.60, thus triggering further ascent above the next mark at GBP 1379.
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by MarketIntel
Fresnillo: Attention SeekerBulls and bears are currently both angling for Fresnillo’s attention. We still expect the bears to win, though. They should grab Fresnillo and take it below the support at GBP 456.60, pulling it into the turquoise zone between GBP 473.60 and GBP 250 to finish wave v in magenta as well as wave Z in turquoise and wave (2) in yellow. However, there is indeed a 32% chance that the bulls could be victorious instead and push Fresnillo above the resistance at GBP 997.60, thus eliciting further ascent above GBP 1379.
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by MarketIntel
Psychology & Market Manipulation - Case StudyGood Day - hope everyone is doing well, and welcome to a brief case study of an Trade Idea we shared with VIP Members earlier this year, and executed for our Fund. Without repeating what's above - it's clear that the market will give Retail Traders a 'Judas Goat', to induce false positions, early sells and generally spread a feeling of fear & anxiety, clouding judgement, firing up the amygdala, and feasting at an empty table, the liquidity that was so easily given up to the most powerful actors in the market: Banks & Financial Institutions. By truly understanding liquidity, price action and psychology - you can consistently execute flawlessly, on high-risk-reward opportunities. And that's all it comes down to, and the end of the day, when we talk about trading. Do you agree? Let me know in the comments below. Cheers.
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by FiguringOutFinance
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FRES - Descending Channel and BB testingSince May FRES has been descending in a fairly well defined channel. I anticipate this to continue dropping beyond earnings report on 3 Aug. Furthermore, share price is not testing the upper Bollinger Band and hardly testnig the mid line. My target for entry or top up is sub 700p where it will be exceptional value. From that level expect a long and protracted rise into Q3. If you agree please give me a thumbs up. Good Luck. Posting is my opinion only.
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by Goldybug
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