Hello all
This time I have picked a silver stock with good fundamentals. It has had an amazing long run since the start of the year (I wish I had spotted it earlier). But, it is never too late. Silver has started to fall and that has also an impact on silver stocks. This presents a long entry oppurtunity for patient investors. My recomendations are to enter at following entries
1. Trendline (1/3 between 16.5 and 17.5)
2. 200 SMA (1/3 at cca 12-13)
3. Previous highs (1/3 at 10)
Wide stops should be applied since silver is a very volatile comodity. In general I think the bull run will continue and so will the price of the silver stocks.
Good luck
This time I have picked a silver stock with good fundamentals. It has had an amazing long run since the start of the year (I wish I had spotted it earlier). But, it is never too late. Silver has started to fall and that has also an impact on silver stocks. This presents a long entry oppurtunity for patient investors. My recomendations are to enter at following entries
1. Trendline (1/3 between 16.5 and 17.5)
2. 200 SMA (1/3 at cca 12-13)
3. Previous highs (1/3 at 10)
Wide stops should be applied since silver is a very volatile comodity. In general I think the bull run will continue and so will the price of the silver stocks.
Good luck