Hecla Mining - good buying spot if it can break 6.5 USD?Hecla Mining is in a fairly new upward trend and is now at the bottom of a rising trend channel. I would be looking to buy if the stock price can cross the small black bar - that is around 6.5 USD. It benefits from increasing silver and gold prices (which is seen in the increasing net income) and the company is the largest primary silver producer in the U.S. Earnings report is due in two days - so the cautious investors could wait for the report.
HL trade ideas
HL: Breakout Confirmed, 37.49% Potential Profit!Description: HL is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $6.5 - $6.9
2. Take profit: $8.98
3. Stop Loss: $6.05
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 94%
🥈 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
------------------------------------------------------------------
If you like the idea, do not forget to support with a 👍 like and follow.
Leave a comment that is helpful or encouraging. Let's master the markets together.