The sideways line SMT has been forming looks like accumulation to me . This is an actual mining producer in Peru . Gold, Silver, Lead, Zinc and Copper and recently turned a profit . Extra cheap entry here . Bottom fishing here with a small bet . Targets are on the chart .
Sierra Metals Confirms New High-Grade Silver Zone at Its Cusi Mine, Mexico, Including 17 Meters True-Width of 428 Grams Per Ton Silver, and Provides an Operational Update
finance.yahoo.com
A lot of precious metals enthusiasts keep close tabs on developments affecting the silver industry. Sierra Metals Inc has recently made a very bullish announcement that may...
The false breakout in this stock is short-term bullish and could push the price toward the top of the bigger channel.
Buying near channel support is preferred in this stock since the long-term trend is up. Gives the option to get out near the top of the range or see if the price breaks out of the range to upside over the longer-term.
Can also use trailing stop loss.
