Sell short here with stop loss just beyond today’s gap fill. The rising wedge broke down and snapped back in an attempt to fill the gap. Once the H&S top breaks out and fills the gap below the neckline the min. target is $2.90.
Then it’s time to start thinking about switching to long positions again with a stop loss just below.
Silver is about to get clobbered to the downside. The new head and shoulders top looks ready to get confirmation shortly with a right shoulder rising wedge formation. Min target $2.60 should the neckline breakout occur.
Should this come to fruition, an excellent buying opportunity will present itself.
Two head and shoulders top formations are seen here with the second formation not yet confirmed with a breakout. Todays price action suggests the more bearish H&S formation with min $2.60 target is the correct call with a rising wedge seen during today’s rally to for a right shoulder.
Should this call come to fruition, it would be a great opportunity to switch...
CDE has broken out of a descending trendline with volume and a good movement on the upside: Historically it has been highly correlated with silver price, Silver already reached its previous recent high while CDE seems lagging, 10$ seems to be a realistic target. If silver breaks out of its range and goes to 40$ this stock could easily go to 15$.
COEUR Mining, technically very clean up to this point. A major upward movement is currently underway. The end point of this rising wave is the entry point of a bearish BAT. Can be traded very well via the support and support. In the long term, this is also a position to hold.
3 trades x1 to HOLD, x5 TP1, x3 TP2
Appears to be putting in a bottom of reaccumulation. Looks like it could be a real rip roaring rally as it looks like one of those shitcoins that has been forgotten about. Aggressive move to the top of the range to blow out shorts I would expect and ensure max pain is felt by all participants
currently hovering just below 4.50. speculative idea to go long at this point if it finally finds support around this level. Possible end of deep wave 2 correction. Any close below 4.10 negates this and would be a stop loss position.
CDE is yet another example of a mining name that hasn't been found yet but is working on a major breakout.
Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It holds 100% interests in the Palmarejo gold and silver mine covering an area of...
In this setup, we're seeing:
1. Huge stopping volume
2. Bullish divergence on RSI / MACd
3. Retrace of key Golden Ratio levels
4. Inflation
I'm not looking at any fundamentals, this is purely a technical setup.
Good luck.
