ASM: Confirmed Pennant on DailyConfirmed ascending triangle followed by a confirmed pennant on descending volumes.
Full pennant is above 50MA.
Target = 1.59$
ASM trade ideas
Quantitative Easing & Rate Cuts = Bullmarket in Mining Stocks.You've seen the news lately, the Federal Reserve has taken unprecedented actions BEFORE a recession has even hit. The Fed has already cut rates 3-times and restarted their Quantitative Easing, although not officially calling it that.
Predictions and Possibilities for 2020:
2008 Style Recession.
Dollar Run.
Debt Bubble Pop.
We can not sit and say things are great as you may hear on mainstream financial media. These steps taken by the Fed are VERY bullish for precious metals and mining stocks. These are our recommendations, each will reach at least 300%:
ASM: Avino Silver and Gold Mines
NGD: New Gold
B2G: Barrack Gold
Check our "An Obvious Investment" chart, you will see that our NDG has already seen 10% growth since posting. It's time to be money smart.
Diamond bottomAs long as silver remains strong, this pure play silver mine should have a good shot at breaking bullish out of this diamond pattern.
Avino - Downtrend It seems like ASM has been in a downtrend since late July. The good news is that ASM seems to be stabilizing with sideways trading. If we continue to trade sideways, we will break the downtrend and enter a new bullrun. Facts:
Elections are always bullish for gold and mining stocks.
Rate Cuts are bullish for precious metals.
Quantitative Easing is bullish for precious metals.
Is the bottom in for Avino Silver & Gold mines?I think so, Gold is showing some strength in this new currency war which will lead to a real war.
It starts at a trade war every time lol.
<TradeVSA> Potential +19% Gain in Avino (ASM.ARCA)Strength in the chart:
1. Long period of accumulation
2. Shakeout at support level
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
That looks almost like a bull flagIt would be nice to break out, close the gap,
and reach the daily 200 EMA
ASM stocks seems to go up in JUNE ASM low float stock trading near low bounces this time of year watch for adx to cross
ASM if Breaks downtrenline watch ouf for TP 2.3purple trendline need so be broken, before set up is valid, even more growth possible
triple bottom as u can see in the small squares
long short position on ASM ASM
The stock ASM has been going through some cyclical change. Due to underperformance on the balance sheet side, the company broke its cyclical turn. I believe that there is still room to short. The best instrument to use would be put options with the strike price closest to the actual price, and the expiration at the earliest date given. If you go along the put option route I would suggest taking short positions because they have less risk, and if the stock drops more than the short position will outperform the put option. Be aware of the fact that the put option may be harmful to the portfolio because the stock is no longer driven by cyclical turns, therefore the stock can open at a different price, and options contracts are executed until the market opens, so if you get options when the market is closed you make be at risk for a loss if the stock opens at a different price. To hedge some of the risks from the short position you could be long positions if you feel the need to.
ASM: POTENTIAL GAP TO FILLASM has broken the previous resistance. If the level posted on chart holds i'm expecting one more wave up to fill the gap.
ASM TESTING THE NECKLINE BEFORE ONE MORE WAVE DOWN?ASM seems bouncing after the previous drop. I'm expecting a test on the dotted neckline before one more wave down.
pennies to thousands gold and silver above weekly cloudstop loss 200 day read our book on amazon why to have stop loss always-good option trailing stop loss-on weekly-money flow excellent-price volume good--macd and stoc good--long base diversify among gold and silvers-
