A break above $12 level would be explosive!
Consolidation could end imminently resulting in another beautiful upleg. THE RSI elegantly pulled back on the 50 level, giving it a strong positive momentum to rise. You could also consider investing in the main silver miners to get better leverage on your investment. My favourite picks are Mag Silver, First Majestic Silver, SilverCrest, Pan American Silver,...
No retracement yet of the first up-leg, this is just starting!
The Shooting Star Signal along with selling volumes implies a price reversal. The fact that this formation is on weekly basis, makes it even more likely.
RSI is bullish. Support at $0.36 Resistance at $0.43 and $0.5
Resistance at $0.5 and $0.6 Support at $0.375
The past 3-months' pullback seems to confirm the bearish breakout. RSI is currently just above 40, and a drop below 40 is needed to further confirm the breakout. Stochastic is currently under 20, the pullback was so quick that the stochastics did not show a retracement.
Gold Futures hit $1796 yesterday after pulling back. RSI is still bullish.
Please note that this is a very short term signal.
Breakout of the $0.7 resistance signaling the continuation of the uptrend. Pitchfork levels work perfectly with this configuration.
What an IPO, what a run! The tight share structure of the company (25% of the company is owned by the Management and founders) sent the stock to $4.6 today. After the incredible Kirkland Lake story, the Fosterville region is more than ever keeping its reputation of creating lots of money. What about value? Is this stock interesting from a fundamental standpoint?...
The multimonth range that started in October 2018 was broken to the upside at the end of April. The confirmation pullback with large selling volume, along with buyers coming in today suggests a low was formed and a new rally is now in.
RSI & stochastics are positive. This is a great long-term play to get leverage from rising silver prices.
Our long term buy signal posted on May 2 was accurate The short term objective of $190 posted on May 3 was also successfully reached A shooting star formed along with large selling volumes today. Price is now heading toward the next support at $180-181.