FSM (Fortuna Silver Miners) earnings came out recently. With the positive earnings report and increase in Silver price, we believe FSM will move higher. In our perspective, Silver looks bullish on the charts. If Silver can maintain its momentum, we believe miners like FSM can benefit heavily. FSM allows the use of leverage in some brokerages, We are long FSM! - HH
This is the most textbook swing trade I have ever seen in my life. 4 strong rejections from the 5.80-6.00 zone. Sentiment from the silver short squeeze can easily take this stock back to 7+ very quickly. This is not financial advice, I am not advocating the buying or selling of FSM stock.
Song remains the same... Wait to see where the dust settles by end of month. #patience #fortunasilver #gotsilver #gotgold $fvi
Potential gain:30% Reward/Risk:3.3 Timeframe: 1-6wks I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue...
Up strongly daily on projected production for 2021.
Expecting to open strong and breakout of resistance at market open Jan 4. Will be monitoring prior resistance as pull back on phase 1 of run up.
All metals and crypto are up miners will be following. Gap up through resistance NYSE:FSM
After breaking out of a bullish rectangle, FSM has broken out and run up (made some profits on that move). However, it is now entering the Potential Reversal Zone of a bearish crab. Conservative target is B and aggressive would be C. If I was doing shorts I would risk 5%, but probably would get out if it had momentum above the marked historical resistance. Up to...
This is a request from a follower. From the chart, we can see that the price action has broke out of the weekly bearish trend line. This is crucial to see the big picture. Next, the price action is travelling in a upward channel but has now meet with some resistance (at 9.05) Please compare this chart with the one you are trading with as it can be different....
I decided to position myself on this company because it allows me to position on silver and at the same time invest in a solid company. I believe that silver has more growth potential than gold and is more attractive for the current price. I will use this company to invest in silver and at the same time to protect myself from inflation.
RSI & stochastics are positive. This is a great long-term play to get leverage from rising silver prices.
I'm into crypto, but looking at silver mines. This company is interesting so I did a quick Elliot Wave analysis. It looks like impulse wave 1 is finished and wave 2 is a retest of either the support or the channel top. I duplicated the fractal of the last bull run and stretched it to, so that Impulse wave 1 would match. This is the manner I used to determining...
Silver mine. Rectangle is initial target. Process your way.