Why do i own Avino ? My main reason is ive been into PM investing for over 30 years now and i still remember the past "bull markets" which i actually consider to be fake bull markets because the gold moonshot never really materialized... well during those bull markets... ASM was hot as hell... gaining over 1000% as far as i remember... so it's always been on my...
Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for silver, gold, and copper deposits. The company owns interests in 42 mineral claims and four leased mineral claims, including Avino mine area property comprises four concessions covering...
ASM is nearing the apex of a symmetrical triangle while holding 10% above its 200 day EMA since January of this year. I see a lack of oversold conditions while the stock is within a consolidation pattern. With precious metals prices resuming their uptrend (or so that is my opinion) the evidence weighs more heavily towards higher prices than lower.
**I am long $ASM**
Bollinger bands are showing volatility has died right off. The last two times this happened were followed by a big pulse up.
Price is still hovering just below 50-day EMA but a break above this level could be enough to set off a nice breakout, but be careful of the fake-out like in May.
cheers!
With the stochastic crossing up in the oversold zone, today's strong candle breaking the bearish trend, the RSI breaking its resistance and the pattern of staying in the upper bounds of the bollinger bands we think this will go past $1.75, we might hodl past $2.
Buy moment 1.34-1.40$ sell moment 1.78-1.84$. Earnings are coming and due to collaborations between silver and EV battery market I see the target happening well before April. Has already a nice run but still looks stable. I still see a potential gain of 0.40$. Also a very popular one for the SilverSqueeze guys.
Silver-exposed stock $ASM climbed early on Monday, after a surge in retail trading pushed the price of the precious metal to an eight-year high.
Silver has rallied in recent days as some users on social media have seemingly turned their attention to the metal.
“What we don’t know is exactly how this is happening,” said Markets.com analyst Neil Wilson. “Clearing...
Pupm&Dump trading strategy idea.
$ASM is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $1,86;
stop-loss — $2,08;
take-profit — $1,42;
Do not view this idea as a recommendation for trading or investing. It is...
If you were around during the last silver bull... and specifically the one before that you might remember that avino was a monster... this time will be even bigger. ASM is a must own if you are a silver bull like me.
PENNY STOCK ALERT UPDATE
$ASM - Avino Silver & Gold Mines Ltd. Common Shares (Canada)
Initial Alert Price: $0.94
Price High: $1.32
% Gains/Losses: 40.43%
(+21.43% More Than Expected)
Potential Stop Loss: $1.25
Our initial update stated that we were leaning more towards the sell side with ASM, but the stock continued to run another 10% since our last alert update...
