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SILVERCORP METALS INCSILVERCORP METALS INCSILVERCORP METALS INC

SILVERCORP METALS INC

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SVM trade ideas

Silvercorp Metals is about to do a big move.My take on Silvercorp Metals. Im a buyer on the 1st of April once the 3 Month candle close above the RANGE (Blue Line) and; The BREAKOUT is closing above the 0 line, which is very bullish but as always it can be a fake-out as well. In my opinion, it's the most efficient silver mining company currently. Geopolitical risk is there, but its everywhere. Free Cash Flow will grow as the silver price goes higher. The Monthly Chart had a breakout several months ago and the candle is closing above the RANGE (Blue Line).
AMEX:SVMLong
by Theordertaker
$SVM | Allocation | Market Exec & Buy Limit |Technical Confluences: - Elliot wave seems to be in the middle of a Wave 3 count. Completing the Wave 3-1 and Wave 3-2. Next, should be the beginning of Wave 3-3 - Price action is close to an Interest Zone and is also at the 200MA Fundamental Confluences: - SilverCorp Metals focuses on Sustainable Silver. Both words that delight financial investors. Silver being a precious metal and sustainable being the bank's new hype. ESG-story. - Their project involves themselves in the green energy sector and it gives you the exposure of precious metals in the portfolio as well - Both retail and industrial sectors have solid demand for Silver and Gold and SVM has got it both ________________________________ AMEX:SVM will give me some exposure to Precious Metals in my Long-Term portfolio and is in the direction of sustainable green energy. Will green energy be the future? We shall see. In the meantime, 1st allocation into $SVM. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
AMEX:SVMLong
by weekendanalyst
Silvercorp Metals (NYSE: $SVM) Looking LikSilvercorp Metals Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. Its flagship property is the Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd. and changed its name to Silvercorp Metals Inc. in May 2005. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.
AMEX:SVMLong
by DEXWireNews
Precious Metal in playI have been waiting for this setup to develop for a while now. Today gold is breaking above its October high. It is at the same time challenging its weekly downtrend line dating back to April 2020. With persistent inflationary pressures we already saw the energy sector being the best performing sector in October. Big money is flowing in these sectors and precious metals could be the next one. Today it certainly looks this way. I like Silver for its extra leverage and industrial utility over gold so I showcase Silvercorp Metal (SVM) is poised to breakout. Note that SVM has a lot of exposure to China so you need to consider this in your thesis. For me it is a double bonus as a lot of the fear surrounding China has already been discounted in my opinion. Technically we have a very nice head & shoulder bottom with a target in the $6.50 area and Fibonnaci extension between 6.05 & 6.63. I think $6.50 should be a minimum target. With a $0.30 stop from here and $1+ target from here, a 4:1 win loss ratio is very appealing to me. Assuming we do breakout from here within the next few days, we should see this target by the end of January 2022 Finally earning just came in so that potential adverse reaction is out of the way, paving the road for the next 91 days free of that obstacle. With disappointing earnings and such a strong positive reaction means the street isn’t bothered at all by the short coming of the actual result of Q $0.06A vs $0.10E I like my odds here!
TSX:SVMLong
by ZentraderDao
SVM after consolidation showing "HEAD & SHOULDERS" - ready for ^Silver and SVM has consolidated to new lows in 2021. Await FED printing program QE to float more QQQ. SVM showing head and shoulders after retracing that should break upward from current position. Silver will need to get back to $25, or $28 range for really good up. Just my opine, trade at your own risk as call for Jan in the money, or buy due to inflation of FED printing program. Hard to have $3.4+T budget without more paper...gold std long gone. @Pokethebear Love to hear from the Metal Bears and Bulls.
AMEX:SVMShort
by Pokethebear