LONG FRES (Fresnillo)Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
FRES trade ideas
Fresnillo will now touch down on very much support linesFNL has now reached a couple of support lines.
Upward move is possible...
Inflexion point? could see a reversal here. A lot of room for this stock to increase in price due to high inflation.
Fresnillo PlcLong above 940p
Stop-loss: 890p
Target (Range?): 1080-1110p
Last: 920p
Break of line A_B is initial swing trigger. That's around 940p
Fresnillo or the next opportunity if you missed the silverbusChart pattern: Bull Flag
Entry: 976.2$ (this would end the trend of the correction)
Stop: 825$
Target: 1750$ (1:1 Fibonacci extension of the former impulsive move)
Risk/Reward-Ratio: > 5:1
Stopmanagement: Parabolic SAR daily chart default settings
Fresnillo BottomChart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 897.6 GBX
FRESNILLO may come back to old highsWith stronger Gold and Silver prices. FRESNILLO may come back to old highs.
Up signals are broken, so it is a good entry point
Fresnillo may be a good investmentFresnillo stock price is still very low.
With higher profits 2021 than 2019 is the stock very cheap, espacially with rising silver prices.
So there is a great gap to be closed.
Fresnillo - LongThe beauty of tracking a small number of stocks - it's like muscle memory of the market - let's see if the same things play itself out again.
Fresnilo UK Share Update 27 January 21
LSE:FRES
27 January 21
Update on Fresnilo Uk Share.
Price moving DOWN to the Potential
area of Demand.
First Posted on 15 January 21
Fresnilo UK Share. Potential Area of Demand 15 January 21
LSE:FRES
Friday 15 January 21 Fresnilo Shares closed
At 1087. Forming a 🐻 Bearish Engulfing Candle.
Price could potentially fall to the Demand Level below
Around 860. Look for Support Around this area.
#Fresnillo -Buying opportunity #fres #tradingview #goldUse a price reset as a longterm buying opportunity
Silver and Gold Senior - At the end of its downtrendThis is making its U-turn, it takes time for this big cruise to turn around and head to north pole for Xmas.
changing direction of its mid-term and long term down trend.
50MA crossed above 200MA recently
Consolidating after strong reversal patter
short term consolidation triangle is getting too small. Volume shows perfect time for a break out
Fres incoming in to a bit of a pullback!Fres is looking in to some fall back after hitting that monthly level...
We will see what comes out of this 2/1 ratio...
FRESNILLO GOOD BUYING OPPORTUNITY??Bought Today MACD Reversal To Upside
Silver Also Looks To Be About To Move Higher
Price Action Has Stayed Nicely In The Channel
Price Target Around 861
LET ME KNOW YOUR THOUGHTS
Fresnillo breakout!Fresnillo is now off to the races to 1065 before it hits the next resistance level. I would then expect to go back up to 2016 highs once silver breaks out of its descending channel.
Falling Wedge - FESNILLOIf you are looking at opporunties to play silver and gold upside, I suggest you to look into FRESNILLO.
Prices have just broken out a long falling wedge (over 2 years). The risk reward is appealing.
FRESNILLO PLC ReversalThe stock
LSE:FRES - Worlds largest primary silver producer.
The thesis
XAUUSD has been on a pretty strong run over the last five years, and always does well during turbulent times or when banks turn to QE . There's every indication the FED & other central banks will be printing money like it's going out of fashion over the next few months/years. Silver prices follow Gold (with higher delta) and silver stock prices follows silver (with higher delta). The GOLDSILVER ratio just had a blowoff top signalling a potential reversal in fortunes for GOLD's shiny little cousin.
The TA
Poking it's head above a 4 year trend line after a high volume inverted hammer at a key level of long term support potentially signals a reversal.
Fresnillo - updateUpdate: GL to anyone who traded on the previous idea. Good upside, zone highlighted could just be the start for those "invested" in the shares, expecting it to swing much higher over the next couple of years...
Fresnillo - LONGLong opportunities continue to present themselves while this technical standpoint continues to play out. Sized in from the bottom and looking to sit on my hands to take profit at key levels on the chart. Trade with care.
Note: This idea follows my own tried and testing trading strategy and rules. This idea does not constitute trading guidance for anyone else.
DM to learn more about learning to trade.
