HL potential Buy setupReasons for bullish bias:
- Price gave resistance breakout
- Price bounced from 0.5 fib level
- Positive Earnings
- TP below the next resistance
Here are the recommended trading levels:
Entry Level(CMP): 5.47
Stop Loss Level: 4.59
Take Profit Level 1: 6.07
Take Profit Level 2: Open
Heclamining
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
🥈 Hecla Minning: HL set up for upburstHi mates NYSE:HL is perfect setup for long in rectangle pattern
here is data for my trade:
------------------------Trade setup ---------------------------
Entry: 5.93
Stop Loss: 5.64
Profit target: 7.02
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