FSM trade ideas
FSM Double BottomFSM is in the middle of forming a doubled bottom to be completed once it crosses 5.76. Entry is looking at 5.80 - 5.90 with profit target of 6.52 and stop loss of 5.66.
NYSE:FSM
Gold, silver companies are about to surgeShares of basic material companies are surprisingly surging up after several days of down consolidation. Companies such as Alamos Gold Inc., Golden Minerals Company, B2Gold Corp, Fortuna Silver Mines Inc. and Gold Fields Limited are performing extremely bullish for the last two sessions during which two vital bullish candle patterns have been formed: engulfing and gap. This has been coupled with increasing volume.
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Buy Fortuna Silver Mines on any pullback/dipBuy Fortuna Silver Mines on any pullback/dip:
Buy limit: 50%@$4.70 and 50%@$4.25
Stoploss: $3.00
Targets: $7.50, $9.50, $14.25
pennies to thousands silver mining candidatemoney flow rising -waiting for opening confirmation bar
get our book on amazon for entry and exit rules with stop loss parameters
j hook pattern
relative strength good
macd crossed
cci and percent r in upper ranges
good pattern
above weekly cloud
Watch for directional response to significant level+ FSM poised to re-test a recently broken resistance line.
+ Its current trajectory is set to meet the line where it intersects the lower pitchfork prong, amplifying the impact of a break-out.
+ If broken, consider its relationship with its 0.382 Fibonacci retracement level. A pull-back to previous highs from here is characteristic of a natural retracement within a larger trend.
