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Hecla

Follow up on Silver Idea: Hecla Mining Zooming out on HL I see a clear C & H having just completed formation. This is right in line with my previous post on Silver which is both completing C & H of it's own (10 month cycle) and entering Impulse wave 3 of this bull cycle. I had suggested HL as a vehicle to participate in Silver Price movement so I wanted to follow up with this chart showing the C & H I noticed. HL exceeded Q1 earnings by a significant margin and offered some guidance that Qs 2-4 are perennially stronger than Q1 which (this year) was fantastic. It points to a strong potential year ahead especially in the context of increasingly higher silver prices. Anyone out there concerned about the paper v. physical metals (I'm not especially right now but understand where coming from)...consider HL as a solution. Seems to have higher beta than AGQ which is 2x leveraged silver., and solves the issue of paper silver bc you know that these are the guys pulling it out of the ground... HL: $2.90 -->$6.05 6/20-8/20. - Executed $6.02 --> TP $13 - Pending That's all I got. Not financial advice. DYOR!! Best, Alt - B
NYSE:HLLong
by Alt-B
9
HL following a soon to be breakoutNow I'm still long in HL and bought shares at $2.99 as it creates higher lows and lower highs and I would like to Call as of now the move could have happen in 3 weeks if it doesn't break trend. Hl has been following Silver real close and Silver was breaking out, yet got slammed with Gold as the corona virus scared off the stock market with the Italy news. As of now I'm bullish due too the RSI crossover bullish, but neutral based on Corona News on next months price movement and will be watching what HL will do on Monday.
NYSE:HL
by nathanielx9
HL $4 callHL has been consolidating pretty hard for past week and two creating a range while in an uptrend with emas. The MACD is showing a reversal is already happening with a major move next month. I’m going long with a target of $4, yet we could see a long term target of $6. The $6 option is in September and is a speculative with gold breaking out and with silver looking to breakout. HL options have a chance to become the biggest oppuritunity with the Strike at Lucky Mind ending in earlier this year, along with expansions of new mines. The EPS is also going up which shows they are making money, yet they are heavily being shorted atm, yet with the average cost of the institutional investors around $2.36 per a share. I see it going higher in the near future.
NYSE:HLLong
by nathanielx9
1
Hecla Mining (HL) - Falling Wedge Reversal? TL;DR: Wait for falling wedge on monthly to resolve, look for opportunity to enter a long position on HL to gain exposure to gold mining industry With the recent uptick in gold prices, attention will obviously shift towards gold miners and other equities involved in the gold space, Hecla Mining (HL) is one such equity. As you can see from the chart a falling wedge pattern (typically observed as a reversal pattern), has formed on the monthly time frame of HL, whilst i believe that Gold is due for some consolidation after it's recent move, HL may be providing a good opportunity to gain exposure to the market move (i believe) to come. Historically, HL has held support at, or around $1-$1.50 USD for the past 20 years or so, whilst this is no guarantee! It does speak to the resilience of this stock to fall substantially below this level. HL also seems to lag the gold price rises, thus giving investors ample opportunity to enter a position, without having to chase the golden bull after it has bolted. Should HL see a move higher in the coming months, $4.00 USD would be my initial target.
NYSE:HLLong
by Profit_Link