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FORTUNA MINING CORP.FORTUNA MINING CORP.FORTUNA MINING CORP.

FORTUNA MINING CORP.

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FVI trade ideas

Fortuna Silver Mines could be near reversalMMHVW - what do I see Modified Schiff Fork with previous bounce off the lower parallel and 0.618 lines. Also a potential shark pattern with C leg forming and then a descending wedge. Base on these I’m thinking price could reverse soon and change direction. Could be a long shot but for a financially stable gold/silver miner, which is significantly underpriced, is not bad. Obviously there are risks but no risks no rewards. Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005.
TSX:FVILong
by Skinwah
[Long] FSM long termThe long term chart of Silver appears to be firming up and possibly breaking out as of today: If so, the chart of Fortuna Silver can return to the highs. We can see that the "small" pop to $20 silver in 2016 sent FSM to its highs, almost ten dollars. If the bull market is back and silver surpasses its 2016 highs, who knows how high FSM can go? There are many ways to play this. I am long the Jan 2020 $3 strike call at 55 cents. Small position, prepared to add more on a pullback in precious metals.
NYSE:FSMLong
by tangman
1
FSM fortuna silver mines in accumulation?I see 2 possibilitys here either fortuna is under a accumulation or redistribution i know this may seem like a redistribution theres a chance this was a terminal shakeout if we creep up back into the prior tradingrange that would be utterly bullish. This stock seems to be in weak hands hence the possibility for a shakeout. Whether direction it goes we should be prepard for both ! Incase its in redistribution it could drop 50% Incase its accumulation it has a upside potential of a whopping 80%
NYSE:FSM
by UnknownUnicorn942585
2
FSM, bullish backtest of 50ma and breakoutWith silver still coiling in its base, I still see an explosive rally possible in the future. Patience is still required but the last few months have not been all that difficult. Silver seems well supported in this area. My other silver miners have done well, like PAAS. By breaking below support, Gold has also dropped to ICL levels from which it should rally. Considering how strong the USDollar is, Gold & Silver have held up well, and especially mining companies have done extremely well considering. The next cycle should be very bullish. Today, I notice FSM has come down to test its long term breakout, and 50ma level. This is an attractive buy point in what I think is a very early bull market. Entered a small position today, will consider adding later.
NYSE:FSMLong
by tangman