$SVM | Allocation | Market Exec & Buy Limit |Technical Confluences:
- Elliot wave seems to be in the middle of a Wave 3 count. Completing the Wave 3-1 and Wave 3-2. Next, should be the beginning of Wave 3-3
- Price action is close to an Interest Zone and is also at the 200MA
Fundamental Confluences:
- SilverCorp Metals focuses on Sustainable Silver. Both words that delight financial investors. Silver being a precious metal and sustainable being the bank's new hype. ESG-story.
- Their project involves themselves in the green energy sector and it gives you the exposure of precious metals in the portfolio as well
- Both retail and industrial sectors have solid demand for Silver and Gold and SVM has got it both
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AMEX:SVM will give me some exposure to Precious Metals in my Long-Term portfolio and is in the direction of sustainable green energy. Will green energy be the future? We shall see.
In the meantime, 1st allocation into $SVM.
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
