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Expecting a retrace on spy to push to the 2.618.. limit sells there.
Hecla Mining Co. operates as a silver and gold producer. It produces lead, zinc and bulk concentrates for custom smelters and brokers; and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, Nevada Operations and San Sebastian. The Greens Creek...
TL;DR: Wait for falling wedge on monthly to resolve, look for opportunity to enter a long position on HL to gain exposure to gold mining industry With the recent uptick in gold prices, attention will obviously shift towards gold miners and other equities involved in the gold space, Hecla Mining (HL) is one such equity. As you can see from the chart a falling...
$2 is an important level and if HL gets above here and silver resumes the uptrend, I believe it will have en explosive rally despite the bad fundamentals and debt.
Not a fan of this company, but it's had some good set ups in the past. It's a slow mover, and disappoints, but I think this set up seems likes not all is lost (after I jumped the gun this week and bought at the top thinking the breakout above 2.07 was imminent. Classic noob move. First target 2.18, next target 2.45, next target 2.92. Yeeesh.
IZ GONNA MEWN BOIZ ... ... for a few weeks of months once silver resumes the uptrend.
THIS IS THE BOTTOM its the next bitcoin. Who cares how much debt this company has if silver prices take off, profit margins will increase exponentially.
HL / Hecla is worth $3.50/share (Weekly 340, 204 & 500 Hull)
Very low on the curve , very cheap stock to buy and hold for long term. But first we need to see some bullish signs. Waiting for weekly Descending trend line broken at A before we go long at B
Hecla Mining (HL) strong today with September $3.50 calls seeing 3,200 open this morning, smaller lots and could be a newsletter, but a strong break above the 200 MA today for the small cap in a hot precious metals sector
Gold and silver daily pullback will continue to push this miner lower. The metals shouldl not break the daily impulse, but miners cannot take the pressure after only 1 impulse up. Trade at your own risk!
If current stock market downturn anyway similar to 2016 pull back (or worst), it should push GLD and HL Up!