I pulled EXK from a FINVIZ screener setup as I attempt to search for potential swing-trade stocks. I'm still very new to this and trying to understand proper trending, support, resistance, etc. I THINK I see a pretty strong upward channel showing fair areas of support (horiz. blue) and moving a little sideways after a brief peek through a $6.02 resistance....
EXK This name has had a great run but if there is a "silver squeeze" it will explode up. Rather than chance it at these levels we will be SELLING not BUYING At The Money VERY high iml vol LEAP PUTS. Not advice and again DO NOT DO THIS TRADE IF YOU DONT KNOW WHAT YOU'RE DOING
EXK is playing the Fibonacci game well on the daily and other time frame charts. Patience is key here knowing that silver is inevitably going higher between now and January. If you're holding EXK and waiting for $5 (which is not far off), the rewards will be fruitful, and $7 price range is not far-fetched due to silver's demand. Everything is pointing towards a...
Silver shows a better value than gold from a supply to demand view and there's value in silver mining stocks also mining gold more effectively and productively.
May was 2019 bottom if you got in as it's only going up with 2020 cash management accelerating.
At the Moment Endeavour #Silver is at resistance with 6,9 Mio. shares, that the market had to absorb.
But on the long run, Endeavour had to reach area 22 CAD,
thats more than 4 times from now.
