Bullish set up for silver stock
Silver charts long term indicate break out, this small silver miner could 5 to 7 x according to
the inverse Head and Shoulders pattern its making atm
On the right hand side of the shoulder its made an ascending triangle
Bulkowski suggests 60 % chance of breakout into the next zone up, which is realistic for ascending triangles
The chart calls for 7x from here, thats possible but may take a while, as the pattern took such a long time to form
Good luck out there this is one to tuck away for 5 years in some tax free savings fund or off shore account and be pleasantly surprised when it gets there sooner!
Its only a small 50 M stock so liquidity may be an issue. Equally for a small investor that may well help to make those above average gains that you are looking for
Silver charts long term indicate break out, this small silver miner could 5 to 7 x according to
the inverse Head and Shoulders pattern its making atm
On the right hand side of the shoulder its made an ascending triangle
Bulkowski suggests 60 % chance of breakout into the next zone up, which is realistic for ascending triangles
The chart calls for 7x from here, thats possible but may take a while, as the pattern took such a long time to form
Good luck out there this is one to tuck away for 5 years in some tax free savings fund or off shore account and be pleasantly surprised when it gets there sooner!
Its only a small 50 M stock so liquidity may be an issue. Equally for a small investor that may well help to make those above average gains that you are looking for
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.