This is a junior silver miner has confirmed a weekly low while also seeking to confirm a yearly low on 14 July 2022. If that is the case then the share will not pay much attention to what silver price does in the short-term, as seen in periods where it was falling while silver was strengthening, it could now be strong despite silver getting beat down. Price target...
ABRA is experiencing a "tilt" in the overall trend leaning towards the upside which indicates to me the accumulation phase.
The bull flag also lends to the accumulation scenario .
Having taken profit at $0.63 I have been waiting to get back into AbraSilver. I am looking at the lower channel line to provoke a reaction upwards. However at current price one can scale in, a falling knife wouldn't be dropping a heavy blow to inflict injury to holding position.
It possible ABBRF will keep it's down trend for now, but I believe once they release the new silver/gold amounts it could break highs. Watch out for news release.
Overall this is looking very strong. Silver is ready to retest $30 an ounce any time soon. Abrasilver is looking very strong on a daily chart and if I am not mistaken on a monthly chart Cup and handle are forming - if that is the case we will have some correction before taking off to the moon which is inevitable. Also RSI on daily is going to meet some resistance...
Just a small revision to highlight the dip / retest thanks to the H&S in the RSI.
I failed to show that on the first version so a revision is in order!
This darling of the silver junior miner world has already had a massive jump, and with a Silver price high incoming in March, it's perfectly set to go Sky high!
AbraPlata backtesting the breakout before heading for new highs.
The arc is completed and the breakout seems successful, but a recent pullback suggests a backtest before reaching new highs.
