Despite silver miners getting hammered lately, FSM looks like a good buy at these levels. Both the MACD and KST indicators show a bullish crossover happening right now. This comes at a time when the stock has bounced off its one-year support level of $2.40. A close above this level should mean further upside potential in the near-term.
As the silver markets are continually depressed, yet keep showing impulsive character, I believe Fortuna Silver Mines is a great value right now. Keep in mind that we need to hold the ~3.30's for this to stay valid, so that would be a great place to have stops.
Was stopped out of my last trade on this one. I like the reversal here so will try again.
The fundamentals look good for Fortuna, and I'm bullish on silver long term anyways. I think I'll be using this stock to invest in silver and profit from rising prices. If this reverse head and shoulders plays out, we could see 60-75% profit. I am not long yet however as I am waiting for a convincing break above the neckline, and a retest of the top of it.
FSM Entry 3.87 Stop 3.65 (-5.68%) Profit Target 1 4.23 (9.27%) Profit Target 2 4.37 (12.77%)
• FSM • Entry: 3.87 • Stop loss: 3.65 (-5.68%) • Profit target 1: 4.23 (9.27%) • Profit target 2: 4.44 (14.57%)
Slight pullback then 5+ Great long
Earlier I posted a breakout in Silver, here is a silver miner. A little inverse H&S showing up on today's action. It seems a little fast for a holiday week. I expect some consolidation that might give a chance to add. This one moves really fast when it wants to (gray rectangle).
FSM bullish scenario medium term MACD divergent
silver kinda sneaky and gold/silv ratio still dropping so it is stronger than gold. big fib retrace to support. could buy with stop
MMHVW - what do I see Modified Schiff Fork with previous bounce off the lower parallel and 0.618 lines. Also a potential shark pattern with C leg forming and then a descending wedge. Base on these I’m thinking price could reverse soon and change direction. Could be a long shot but for a financially stable gold/silver miner, which is significantly underpriced, is...