This is a little gold miner than came up on my high implied volatility screeners (the others were AUY and KGC).
Metrics:
Bought Shares at 5.82
Sold Oct 21st 6 call
Whole Package: 5.35 db
Max Profit: $61
ROC: 12.1%
Moving Averages of 50, 40 and 30 convey clearly just how much momentum and confidence there is in a stock. Pay close attention to the 40 day moving average. Simple and effective.
HL running within a downward channel, if it can break it up we think it will easily go to 7 area.
You can check our detailed analysis on HL in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 4:10"
Trade Status: Pending
This is chart 5 in components of-XME.
The previous four charts were of basic metals.
The basic metals stocks are werk. Thus, XME-has weakened.
So beware, the precious metals components have to stay strong to keep XME-in a bullish trend.
Good luck to you. Don.
Part Two of Two.
This chart matches the chart of-GDX.
Don's Top-Ten Technicals:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line.
4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of...
I have recently published a series of bullish articles about-XME.
HL-is one of the components of-XME. The strength of this chart speaks for itself -
It is one of the metals stocks which is contributing to the strength in-XME.
XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis...
Last weekend I published this for Hecla Mining:
Hecla Mining has been a very bullish gold-miners stock . The chart indicates a "Continuation Diamond" pattern.
This pattern is considered a bullish signal. The upside projection for Hecla Mining is approximately 20% in a month. The time approximation can be figured because the "Continuation Diamond" pattern took this...
Hecla Mining has been a very bullish gold-miners stock. The chart indicates a "Continuation Diamond" pattern.
This pattern is considered a bullish signal. I have highlighted this pattern in fluorescent green.
How does the "Continuation Diamond Pattern" work? (I'm glad you asked).
The price action creates higher highs and lower lows as the pattern broadens...
Friends
Possible long to upside, only thing to watch for is that, there is long time resistance headed this way, But if we breach that, we could have a nice move
1. We have established a strong support level, on a major moving average
2.The sideways resistance was broken, with the enthusiasm being started by a bullish harami, on the support level.
3. The support...
