Hecla Mining Company
Long

Hecla

46
Here is Hecla in a Fibonacci channel. You can do extensions, but I'm not an expert in that. I don't use fib extensions. But the idea is the same. What is the amplitude of the chart? The eye is drawn to 2001-2009. So, we already know the price likes to do that. It does it no problem. Logically, we can assume it will do it happily again when freed from the constraints of the descending overhead - and may overshoot. For sure it can go higher. We can see $200 Hecla no problem, and even higher, which is why I'm saying it's a candidate for long term cap gains.

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