deanburtonuk

FRESNILLO GOOD BUYING OPPORTUNITY??

Long
LSE:FRES   FRESNILLO PLC ORD USD0.50
Bought Today MACD Reversal To Upside
Silver Also Looks To Be About To Move Higher
Price Action Has Stayed Nicely In The Channel
Price Target Around 861

LET ME KNOW YOUR THOUGHTS

Trade active: Bought 37 Shares 12th July.....I had FOMO
Bought additional shares in the dip during the day 15th/16th
Total Shares 108 average price paid £7.6969
Reason for buying was the price looks to be at the low of the channel
will now wait for price to either fall to the £6.67 level or wait for target sell
level of £892 the area i am looking to sell 50% of my position.
Comment: 8.14 level looks to be causing an issue i think by the end of the week it will have broken to the upside on a clear path to 8.50 before the next consolidation period.
We will see
Comment: Still moving as expected strong silver prices & gold prices should keep the stock pushing higher
Comment: Edging closer to the 892 target looks like the macd is giving a confirmation signal to the upside all looks good especially with silver price at a firm $18
Comment: FRESNILLO MAKES ME PROUD AGAIN!!! I decided to hold after the 892 price target was reached now looking at the 11.52 as the next major resistance level
TBH I'm enjoying the ride currently 24% Up on this trade.

Comments

Nice trade 👌 you still own it?
Reply
deanburtonuk JoshBowler
@JoshBowler, Thanks! Yes still holding enjoying the ride just going to see what happens at my next target level been trading it for a year now its been good to me.
Reply
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