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Miningstocks

Denison Mines, Blowing MindsDNN, 4h, This right-angled consolidation contains some scrubby harmonics excluded, so the headline here is the formation of higher lows on all 3 momentum oscs - MACD, RSI & Stoch - while the asset has held $1 essentially during. Continuation inferred by the Class B bullish divergence across the trio coupled with seller exhaustion makes a break of the 1.32 region critical for upside targets, so a formidable entry nearer the current range ensures proper R:R of 3.45/ 4.95 / 6.8. Our recent high serves as the first of the 3 overhead Fib targets with a break of the present range below the 0.382 retracement.
AMEX:DNN
by WhoLetTheBullsOut-
AG SILVER MAJESTIC (UPDATE)I abandon the boat, too Risky to me if the price action test a new lower low very soon under the support zone, that could end up in a debacle. Since yesterday i loose my confidence on Silver, fundamentals are not better than the chart. We see a small recuperation today but still doing a lower high if you have stomach you could wait t ´ll the end of the week to see what happens. I ´m Neutral but more bearish than bullish, yesterday was a bad sign, maybe it is just a bear trap, so... who knows Thanks Good Luck Charlie
NYSE:AG
by Charlie2029
2
Is Glencore in a cyclical trend? I love this chart from an educational perspective. Markets move in cycles. Some sectors tend to be more cyclical than others and the resource sector definitely fits into that categorization and we can see that in the chart. So from a fundamental perspective, can one assume that Glencore has started a new cyclical trend? A great South African manager that i highly respect put out a note on their exposure to Glencore and relative underweight positions in other diversified miners such as BHP and Anglo. From a fundamental perspective, Glencore mines commodities such as copper, nickel and zinc, all of which have fundamental reasons why the demand in these commodities should increase over time. Copper looks a bit pricey at the moment, perhaps in need of a health pull back but over time it should increase in price. The signals suggest that the price of Glencore should rise over the short-term, however, i think it may then undergo a healthy pullback before its next leg upwards. So what is one to make of all of this? Well either buy in now and hold for the next 2-3 years or until the fundamentals change, perhaps taking profits at certain points on the way up, or wait for the pull back (if it occurs) and then buy in. In other words, buy in and hold or sit on your hands and wait. Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader. Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
OTC:GLNCYLong
by JesseMorgans
1
Westhaven Gold - reverse head & shoulders in the making?I like the mining sector. It's a sector that is so undervalued versus the general stock market that it almost a no-brainer to invest in it, especially now that the gold price seems to be bottoming out. This is the chart of Westhaven Gold, a gold explorer that has been beaten down for months and months, but the setup is beautiful for fans of classical charting. Entrance with a stoploss at 0.49. If the structure works out, this is a four-bagger based on neckline + (neckline -/- head).
TSXV:WHNLong
by Birdseye88
Perfect Diamond Long on $FCX into AprilGet on board this most excellent trade with copper and stock seasonality on your side! FCX has has a great run this year with copper from the bottom rising 400%. This is a great and possibly final leg to get into for awhile that is perfectly balanced inside Camarilla pivots, which I would consider myself an expert in using. Copper 16YR seasonality nearing a bottom ahead of the FOMC FCX is in agreement with a bottom near this area
NYSE:FCXLong
by mortdiggiddy
21
Hummingbird Resources set to bounce from channel's bottomHummingbird Resources LSE:HUM is a gold miner, which stocks are traded on the London Stock Exchange. It benefits from a very low valuation with a PER of less than 4 at the time of publishing. After a lengthy consolidation inside a descending channel the stock price now hits the lower channel's boundary in a super oversold condition. It is time for a bounce in direction of the upper channel boundary, before expecting a channel's break to the upside.
LSE:HUMLong
by ChartsAndTrends
Silver Miner’s retail investor-Fueled SurgeSilver-exposed stock $ASM climbed early on Monday, after a surge in retail trading pushed the price of the precious metal to an eight-year high. Silver has rallied in recent days as some users on social media have seemingly turned their attention to the metal. “What we don’t know is exactly how this is happening,” said Markets.com analyst Neil Wilson. “Clearing out of shorts by worried hedge funds, retail-driven bid, ETFs flows driving the physical market, smart-money front-running the trade, or a combination of all these,” he added. The surge came after the dual-listed miner, which has a silver operation in Mexico, disclosed last week plans to sell up to $25 million of newly issued shares into the U.S. market. Exactly what kinds of investors are behind the current run-up in metal prices and silver-exposed stocks is uncertain, but clearly opportunities have arisen. A number of posts on the WallStreetBets forum advocated buying silver, while #silversqueeze has also been trending on Twitter. However, many posts also argued against the trade. “The issuer community will flood the market with capital raises, particularly the U.S.-listed ones who can access the superior liquidity with ‘at the market’ equity issuances,” www.barrons.com finance.yahoo.com
AMEX:ASM
by AlenCiken
Reddit Traders Are Taking Aim at Silver stock $LODE$LODE Would also be one of my top picks if we are entering a Silver Bubble over the next month. You can clearly see that it's a reverse split and has the lowest float for a silver miner that I could find. This came after a surge in retail trading pushed the price of silver to an eight-year high. As the war between Reddit board traders and hedge funds continues, it seems to me that a “silver squeeze” could be imminent. Popular subreddit r/WallStreetBets (WSB) could be hinting to bank on silver stocks, which sent prices of the semi-precious metal sharply higher late last week. In detail, one Reddit poster mentioned that the silver bullion market could also be one of the most manipulated on Earth. The user also encouraged many other retail investors to trigger a short squeeze in silver paper shorts. Now to be fair, we know that there is a strong demand for the uses of silver. From solar panels to electric cars and electronics, silver has an enormous appeal as a precious metal and industrial asset. Could silver stocks be the next target for Reddit day traders and their crowdsourcing power? If so, we could be seeing another rally that GameStop (NYSE: GME) has enjoyed so far this year. Whether or not WSB’s obsession with silver is short-lived remains to be seen, but there’s no question that $LODE stock and other top silver stocks are heating up right now. With all that being said, do you have a list of top silver stocks to buy amid silver’s rapid rise? www.nasdaq.com
AMEX:LODE
by AlenCiken
1