HCL trade ideas
Hecla Mining Co (HL) Hecla is in a classic descending triangle. This is as textbook as it gets. I extracted fibs and gave my personal opinion for where we are headed. If DXY (dollar) continues to pump we will certainly see lower prices soon. We look to be breaking down as of open on 9/23. When the dollar pumps everything gets wrecked, Happy trading!
$HL Hecla Mining Trade Setup
Potential long on break above downtrend - @ approx $5.90
Targets price $6.50
Hechla mining pullback soon?to key 50 or 200 day (red) MA on daily as well as 5 EMAs on higher time frames
I could see one more thrust up and a break of the trendline down - but if it just goes up from here then all bets off, there will be no typical pullback after a monster ~300% move up. This case was 380% since march lows.
HL was a top gainer, rising +121.44%.Expect Uptrend continuationHecla Mining (HL, $5.51) was one of top quarterly gainers, jumping +121.44% to $5.51 per share. Tickeron A.I.dvisor analyzed 51 stocks in the Precious Metals Industry over the last three months, and discovered that 50 of them (97.14%) charted an Uptrend while 1 of them (2.86%) trended down. Tickeron A.I.dvisor found 268 similar cases when HL's price jumped over 15% within three months. In 172 out of those 268 cases, HL's price went up during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend continuation for HL are 64%.
HL's Aroon indicator reaches into Uptrend on July 28, 2020
For traders, this could mean going long on the ticker or exploring call options in the next month. Tickeron AI shows that
in 226 of 274 cases where HL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 82%.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on July 23, 2020. Traders may consider selling the ticker, shorting the ticker, or exploring put options. Tickeron AI shows that in 27 of 31 cases where QFIN's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 87%.
HL: Ascending triangle, ConfirmedAscending Triangle, Confirmed
Descending Volume
PPS above 50MA and 200MA
ATR climbing
200MA pointing North
250RSI above 50
PT1 = 4.67
PT2 = 6.28
PT3 = 6.64
$HL Hecla Mining Upside Targets Hecla Mining Co. operates as a silver and gold production company. It produces lead, zinc and bulk concentrates for custom smelters and brokers; and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, Nevada Operations and San Sebastian. The Greens Creek segment is located on Admiralty Island, Junea, Alaska. The Lucky Friday segment is located in northern Idaho. The Casa Berardi segment is located in the Abitibi region of northwestern Quebec, Canada and is operated by Aurizon. The San Sebastian segment is located in the state of Durango, Mexico and contains underground mines. The company was founded by Amasa B. Campbell, Patsy Clark and John Finch on October 14, 1891 and is headquartered in Coeur d'Alene, ID.
HL following a soon to be breakoutNow I'm still long in HL and bought shares at $2.99 as it creates higher lows and lower highs and I would like to Call as of now the move could have happen in 3 weeks if it doesn't break trend. Hl has been following Silver real close and Silver was breaking out, yet got slammed with Gold as the corona virus scared off the stock market with the Italy news. As of now I'm bullish due too the RSI crossover bullish, but neutral based on Corona News on next months price movement and will be watching what HL will do on Monday.
HL $4 callHL has been consolidating pretty hard for past week and two creating a range while in an uptrend with emas. The MACD is showing a reversal is already happening with a major move next month. I’m going long with a target of $4, yet we could see a long term target of $6.
The $6 option is in September and is a speculative with gold breaking out and with silver looking to breakout. HL options have a chance to become the biggest oppuritunity with the Strike at Lucky Mind ending in earlier this year, along with expansions of new mines.
The EPS is also going up which shows they are making money, yet they are heavily being shorted atm, yet with the average cost of the institutional investors around $2.36 per a share. I see it going higher in the near future.
HL At Key Technical Level, Now What?COMMENTARY
Chart clearly shows this as a historic level of support and resistance for the penny stock . The last few times HL tested the level, it failed to break above it. Right now, it's trading right at this level; not quite breaking above but not breaking down either (yet). I think we're going to need to see gold pick up some steam for it to get over the hump from a technical perspective IMO.
QUOTE
"Shares took a 2-week break from Hecla’s second-half run in 2019. However, on January 14, Hecla stock began to return to its bullish trend. The stock jumped from $2.98 to highs of $3.18 just after 11:30 AM EST. This week, analysts from RBC raised the price target for the stock from $1.90 to $2.75. However, RBC maintained its “Underperform” rating. This came just a few days after analysts at CIBC upgraded Hecla from “Underperform” to “Neutral.” The firm also boosted its price target from $1.75 to $3.75."
QUOTE Source: Top Penny Stocks To Watch Right Now; 1 Up Over 100% Since November
Hecla Mining buy signalEntry level $3.55 = target price $5.17 = Stop loss $3.00
Very bullish crossing of the 7&1 2ma's have historically been a buy signal.
Company profile
Hecla Mining Co. operates as a silver and gold producer. It produces lead, zinc and bulk concentrates for custom smelters and brokers; and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, Nevada Operations and San Sebastian. The Greens Creek segment is located on Admiralty Island, Junea, Alaska. The Lucky Friday segment is located in northern Idaho. The Casa Berardi segment is located in the Abitibi region of northwestern Quebec, Canada and is operated by Aurizon. The San Sebastian segment is located in the state of Durango, Mexico and contains underground mines. The company was founded by Amasa B. Campbell, Patsy Clark and John Finch on October 14, 1891 and is headquartered in Coeur d'Alene, ID.
Hecla longThis is very interesting chart. The multi-decade corrective triangle has build ap a massive drive which may result in a massive upwards thrust. The price just got beyond a decisive trendline. Note the false breakout forming wave e, which is a bullish breakout fail of the ascending (!) trendline between c and e.
Hecla Mining BullishHecla Mining Co. operates as a silver and gold producer. It produces lead, zinc and bulk concentrates for custom smelters and brokers; and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, Nevada Operations and San Sebastian. The Greens Creek segment is located on Admiralty Island, Junea, Alaska. The Lucky Friday segment is located in northern Idaho. The Casa Berardi segment is located in the Abitibi region of northwestern Quebec, Canada and is operated by Aurizon. The San Sebastian segment is located in the state of Durango, Mexico and contains underground mines. The company was founded by Amasa B. Campbell, Patsy Clark and John Finch on October 14, 1891 and is headquartered in Coeur d'Alene, ID.
HL [NYSE] Hecla Mining Company short.All description on the chart.
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