Hecla Mining Co. (HL) witnessed a strong rebound in Friday's session violating the last major peak at 5.90$. If it remains above this peak of $5.90 by today's session, it will confirm the current uptrend in the short and medium term, leading to further rises near 6.23 - 6.36 - 6.48 - 6.68 - 7.00$ in the short term. the indicators are heading toward the positive...
Reasons for bullish bias: - Price gave resistance breakout - Price bounced from 0.5 fib level - Positive Earnings - TP below the next resistance Here are the recommended trading levels: Entry Level(CMP): 5.47 Stop Loss Level: 4.59 Take Profit Level 1: 6.07 Take Profit Level 2: Open
Head and shoulders intermediate top seen, not yet confirmed.
5 waves up completed, or a bit more room to run then a 50-61.8% retreat for a buy?
HL shown on the reliable daiy chart while spot silver is uptrending. demonstrates multiple bullish signs including a cross over the POC line of the volume profile and now the confluence of a 200-50-20 triple convergence coindident with a cross of the long anchored mean VWAP and a gaint ( "gib ass green") engulfing green price candle of 7% magnitude with...
Technical: Bottom of large consolidation, it looks like shorts are having a hard time pushing lower given the effort and result. looking for a 238 or 382 retrace to take some profits, 618 very probable. Looking for Low volume nodes as areas of resistance. as we cross these we can expect the stock to run until we find liquidity or less aggressive...
Chart above shows price of HL (silver mining company) and below shows silver futures. HL price is landing on a very strong support area. And silver futures just made a nice bounce off the monthly support. Looks like silver (and gold) is forming a huge inverse HS. It may take a few more weeks to build up and break out. Also HL is trading at 4 dollars, a...
Hecla is now at an S/R level it has revisited several times in the past during a long consolidation phase . My guess is this is one of the last times it will see this level . Good buy spot right here .
Hecla could reverse here on a major reversal of 4.20.
Hecla Mining approaching HUGE confluence of resistance. If congestion area can be overcome, then gates OPEN to previous highs over 9$. #hecla #silver #fintwit
Hecla Mining Company Short Term - We look to Buy at 3.87 (stop at 3.42) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous resistance at 3.90 now becomes support. Dip buying offers good risk/reward. Further upside is expected. Our profit targets will be 4.85 and 5.00 Resistance: 4.90 / 7.50 /...
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divergence on macd and rsi. backtesting previous resistance. still room on old cup and handle play
The 6.50$ area is a significant resistance area. The horizontal price level is also corresponding with the 200MA and the 38 Fibonacci Retracement of the march low of 2020 and the last significant high. The trade will be entered when the price closes above the 200MA in combination with a high volume.
Strategy/Chart pattern: Bull flag Entry: Closing price above 7.05$ in combination with a high volume Stop: 6.24$ Target: 9.44$ Risk/Reward-Ratio: around 3:1