OPENING: HL COVERED CALLThis is a little gold miner than came up on my high implied volatility screeners (the others were AUY and KGC).
Metrics:
Bought Shares at 5.82
Sold Oct 21st 6 call
Whole Package: 5.35 db
Max Profit: $61
ROC: 12.1%
HL trade ideas
Hecla Mining; Moving Average Drives; Simple and Effective.Gauging performance and risk for Hecla Mining using simple moving average periods.
Momentum Drive; Simple and Important Averages.Moving Averages of 50, 40 and 30 convey clearly just how much momentum and confidence there is in a stock. Pay close attention to the 40 day moving average. Simple and effective.
HL - Long at the break of Downward channel HL running within a downward channel, if it can break it up we think it will easily go to 7 area.
You can check our detailed analysis on HL in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 4:10"
Trade Status: Pending
HL: Hecla Mining. Will The Strong Gold Miners In XME Be Enough?This is chart 5 in components of-XME.
The previous four charts were of basic metals.
The basic metals stocks are werk. Thus, XME-has weakened.
So beware, the precious metals components have to stay strong to keep XME-in a bullish trend.
Good luck to you. Don.
Hecla Mining Chart Remains StrongPart Two of Two.
This chart matches the chart of-GDX.
Don's Top-Ten Technicals:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line.
4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud. 6. The indicator on the top of the page is RSI / Stochastic , and this is strong. 7. The top middle indicator is vortex and it is strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. 9. The green fractal arrows are up (not shown). 10. Look to the far right on the chart, at about $6.50. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
The charts suggest that gold-and-gold-miners shares will remain strong.
Good luck to you. Don.
XME Components Analysis Number 2: HL (Hecla Mining)I have recently published a series of bullish articles about-XME.
HL-is one of the components of-XME. The strength of this chart speaks for itself -
It is one of the metals stocks which is contributing to the strength in-XME.
XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap.
I believe by showing you some of the individual components of-XME you will understand why I am very bullish towards the upward move in-XME.
Don.
HL Update: Breakout To UpsideLast weekend I published this for Hecla Mining:
Hecla Mining has been a very bullish gold-miners stock . The chart indicates a "Continuation Diamond" pattern.
This pattern is considered a bullish signal. The upside projection for Hecla Mining is approximately 20% in a month. The time approximation can be figured because the "Continuation Diamond" pattern took this long to complete. The percentage may be calculated by the distance from the low ($3.85) to the high ($4.79), this is 94 cents, or roughly 20% up from here ($4.77). (end of my quote)
As you can see-HL did indeed breakout to the upside.
The outlook for-gold-and-gold-miners remains strong (with an occasional pullback along the way).
If you wish to see the "Continuation Diamond" pattern, this was published 7 days ago.
My goal is to entertain and inform. I hope all of your trades go well. Don.
Gold Miners Spotlight: Hecla Mining, Strong UptrendHecla Mining has been a very bullish gold-miners stock. The chart indicates a "Continuation Diamond" pattern.
This pattern is considered a bullish signal. I have highlighted this pattern in fluorescent green.
How does the "Continuation Diamond Pattern" work? (I'm glad you asked).
The price action creates higher highs and lower lows as the pattern broadens out.
The trading range begins to narrow after the "high peak" (May 17th, 2016). The lows then start trending up.
The continuation diamond pattern happens when the price action breaks out of the diamond....
You can see that this did happen June 24th, 2016, the day of the Brexit turmoil.
Other gold-miners shares, as well as-GDX, broke out to the upside on this day.
The upside projection for Hecla Mining is approximately 20% in a month. The time approximation can be figured because the "Continuation Diamond" pattern took this long to complete.
The percentage may be calculated by the distance from the low ($3.85) to the high ($4.79), this is 94 cents, or roughly 20% up from here.
I would like to close with three quotes from Jay Leno:
1. “The reason there are two senators for each state is so that one can be the designated driver.”
2. “You can't stay mad at somebody who makes you laugh.”
3. “How come you never see a headline like 'Psychic Wins Lottery'?”
My goal is to entertain and inform. I hope all of your trades go well. Don.
Hecla Mining Co.Demand Zone highlighted in yellow on the weekly chart. Buy on pullback to demand zone.
Entry: 2.86
Stop Loss: 2.46
Target 1: 4.00
Hecla Mining: Looking For Bullish EnthusiasmFriends
Possible long to upside, only thing to watch for is that, there is long time resistance headed this way, But if we breach that, we could have a nice move
1. We have established a strong support level, on a major moving average
2.The sideways resistance was broken, with the enthusiasm being started by a bullish harami, on the support level.
3. The support level is a ratio confluence level
4. The support level has been tested 3 times
5. The deeper leg correction was 0.5 retracement, and down move was rejected, suggesting possible bullish continuation. We've had higher highs since then.
HECLA.....+70% FROM NOW - nov 8th 2013 - BE READYBuying now there i s hign probabilities to buy before a strong up movement to 5$ (+70% form now)
HLThis is what I am looking for, But mostly will look for short, Retest trend line is happening. With earnings on 11/7 i would not be holding it over for a long time, on any trade i take on this.
