Hello Everyone,
Endeavour Silver Corporation , ticker symbol EXK is second one that i will follow up next week. Another mining Company :)
What they do?
is a mid-tier precious metals producer focused on silver and gold. Incorporated in 1981 and headquartered in Vancouver, Canada, the company operates multiple mines and exploration projects across Mexico, Chile, Peru, and the U.S.
Key Developments:
Completed acquisition of Minera Kolpa, including the Huachocolpa Uno Mine.
Secured $35M copper streaming deal with Versamet Royalties.
Closed a $50M bought-deal equity financing to fund the acquisition.
Technical part:
I draw 3 option
Green- it will continue to momentum and reach to 6.00 - 6.15 which is approx %12 up from today's price.
Red - Pull back to 5.10 - 5.20 and then go Up till 6.15
Yellow - Pull back till 4.90 then go up
It reacted 50 day EMA Price level and 50 EMA is our support level. My expectation is hit to 50 EMA again then go Up , which is scenario Red.
If you think for long term , my final price target 7.75 - 8.00 , but I must re-analyze if it reach to this level.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a good start a Weekend to All.
Endeavour Silver Corporation , ticker symbol EXK is second one that i will follow up next week. Another mining Company :)
What they do?
is a mid-tier precious metals producer focused on silver and gold. Incorporated in 1981 and headquartered in Vancouver, Canada, the company operates multiple mines and exploration projects across Mexico, Chile, Peru, and the U.S.
Key Developments:
Completed acquisition of Minera Kolpa, including the Huachocolpa Uno Mine.
Secured $35M copper streaming deal with Versamet Royalties.
Closed a $50M bought-deal equity financing to fund the acquisition.
Technical part:
I draw 3 option
Green- it will continue to momentum and reach to 6.00 - 6.15 which is approx %12 up from today's price.
Red - Pull back to 5.10 - 5.20 and then go Up till 6.15
Yellow - Pull back till 4.90 then go up
It reacted 50 day EMA Price level and 50 EMA is our support level. My expectation is hit to 50 EMA again then go Up , which is scenario Red.
If you think for long term , my final price target 7.75 - 8.00 , but I must re-analyze if it reach to this level.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a good start a Weekend to All.
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.
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.