Cup and handle formation on Fortuna SilverThe head and shoulders bottom worked out. Perhaps a cup and handle formation will work out if spot silver plays catch up with gold.
FSM trade ideas
FSM Bull Major opportunityFortuna Silver Mines The chart looks amazing after recent rallies correction. Found support at the Covid break out around $4. Major value with incredible earnings especially with high metal prices that will continue higher and look to make serious gains even further as global currency devaluation accelerates. The bull story here is incredible as we slowly chop sideways building energy for a stark move to the upside. NYSE:FSM
Fortuna Mining Happy Meal or Sad Meal?This is one of the ones that you need to believe in magic. I believe that the arc can save it from its plunge back to the bottom of the two channels. Can you see it?
FSM a silver junior miner poised to profit on silver's momentum FSM is on a 30-minute chart. The trade idea is that FMS suffers in drops in spot sliver but
thrives when spot silver rises as its fixed expenses in mining allow for increases in margin
in a curvilinear fashion when spot silver rises. This is more so than a senior miner such as FCX
that moves slower when metal prices rise or fall. I see the quick geopolitical dip in spot silver
as an opportunity to pick up junior miners ( including GDXJ the ETF) at a discounted price to
be held for spot silver recovery and then averaged out for realization of profits.
Smokin Play...dont miss it!Probably my most interesting play...I think this is set up for a major move very very soon...dont miss it!
Fortuna SilverSupport seen with a bullish breakout from a head and shoulders bottom. Silver and Gold are breaking out and set to advance in a big way.
Fortuna Silver Mines (FSM): Mining new OpportunitiesFortuna Silver Mines (FSM): NYSE:FSM
Since the entire silver sector and especially the precious metal sector interest us, we decided to take a closer look at Fortuna Silver Mines. We believe that in the daily chart since the COVID-19 low at $1.47, we have developed the overarching Wave I and Wave II and are now in the overarching Wave III. This should significantly exceed the level of Wave I, well above $9.85. Now, finding a good entry point at Fortuna is important to us. We assume that in the 4-hour chart since Wave II at $2.05, we have developed the subordinate Wave (1) and Wave (2) and are thus in a Wave (3). This should, of course, go significantly above the level of Wave (1) at $4.20. More precisely, we expect a rise to at least $6.06. This is our minimum target for the Wave 3 up to $10.35. However, that is the maximum for us. It could still go further, but realistically, we wouldn't expect that, except in exceptional cases. Currently, we should be in a Wave ((i)) right now, as we likely saw a gap close at the top of Wave ((i)) at just under $3.50. We should now find a retracement between 50% and 78.6%, that is, between $3.06 and $2.81. Afterwards, we should ascend to at least $6.06. However, considering we are in the overarching Wave (3), we should also surpass $10. But of course, that's in a very long-term scenario. In a shorter-term scenario, we expect to reach at least $6.06 relatively quick. We set our stop loss below the level of Wave 2, as a double bottom would still be allowed, i.e., a 100% retracement. However, we aim not to be stopped out. Therefore, we have set our stop loss for Wave ((ii)) below the level of the overarching Wave 2.
Most compelling idea I see...PERIODThere may be others that I have not seen...but I see nothing else as compelling as this trade...a R/R >10 over the next 12 months...with a significant portion of that return being before year end in my opinion. The length of time that this name has spent bottoming and consolidating and such a clear exit point...make this a MUST BUY here and NOW in my opinion...of course this is not trading advice...but it is what I personally have done!
FSM - possible upsideFSM looks good and it seems to be ready for more upside.
Key support has held and Williams Alligator looks like it's going to have a bullish cross which would be a buy signal.
3 targets are shown on the chart.
58 % upside potential on FSM
Good luck
FSM LongMy prediction for Fortuna SIlver Miners is long. We have a very nice volume defined breaktrough.
repeat of 2015 ?Pretty close to if not already at bottom. Maybe a repeat of price action from Sep 2015? Strong USD apt to continue to pressure silver price for a bit longer
FSM explosion soon!This one has pulled back to desperation levels in my opinion...we are at make or break for FSM! My bet is an explosive move up is here!
Double on the way!This one should double over the next few months...payshaunce is required, but the set up looks very very good.
The First Silver Miner Jumped ! 288% Up In a Year ?Alright people, I'm extremely bullish on FSM. I smell blood everywhere. I will hold some shares of this stock for at least a year or more. this is the second miner stock that I added to my portfolio. The first one was NYSE:IAG
IAG Target:
This is not financial advice, If you want to take this long have to understand how EW works.
Cheers
$FSM Fortuna Silver Potential Bullish Break
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Love The Upside! - Fortuna Silver Mines Inc <FSM>Going into the Earnings report on August 11th, I think we will have a great bullish swing with tons of upside, ex. going from 4.10-ish to the 5.90 level at a minimum, and potentially even higher depending on the news.
The company has been struggling in the last few years yet now is dishing out a ton of positive news about their ventures and the scale of their operations. Quarterly financials show that they are looking to have stronger financials than they have in the last 3 years... I think this offers a lot of growth for an otherwise currently undervalued player in the space!
If the results however are much more negative than expected, I could imagine a lowering down to $2.85-ish at the lowest, before we will hopefully get a lot more support for another bullish move back to current levels and beyond, perhaps around $5.00.
Either way, if you are looking for a nice little swing play with the potential for a 20-50%-ish upside depending on the outcome of the next earnings report, and also don't mind holding for a few months to see where we go, then this opportunity is likely to be for you!
Fortuna SilverThe price of Fortuna Silver is at the support level of a multimonth range. Aggressive traders can enter immediatelyor you wait for some kind of reversal candle which could form at the support level and use the confirmation of the reversal candle as entry. Also, the buy signal of the MACD in combination with the parabolic SAR produced valid results in the recent past and could be used as entry.
FSM Silver playRetesting the 200 EMA, and holding the trendline very nicely. Silver is is hot demand and Fortuna has the capacity to offer it.
I've added this to my security bucket.
With a B/V of 5.02 per share, this seems very very promising.
Are we primed for a breakout?
Let me know what you think in the comments below.
(This is not financial advice)
NYSE:FSM
FSM Bullish IdeaFSM (Fortuna Silver Miners) earnings came out recently. With the positive earnings report and increase in Silver price, we believe FSM will move higher. In our perspective, Silver looks bullish on the charts. If Silver can maintain its momentum, we believe miners like FSM can benefit heavily. FSM allows the use of leverage in some brokerages, We are long FSM! - HH
MAY 1ST SILVER SHORT SQUEEZEThis is the most textbook swing trade I have ever seen in my life. 4 strong rejections from the 5.80-6.00 zone. Sentiment from the silver short squeeze can easily take this stock back to 7+ very quickly. This is not financial advice, I am not advocating the buying or selling of FSM stock.
