usa price hit marker from past and reversed, still in uptrend so attention needed, obvious battleline
USA trade ideas
Downtrend broken in Americas Gold and Silver Average analysts price target $4.50 | Buy
Company profile
Americas Gold & Silver Corp. engages in the acquisition, exploration, development and exploration of mineral resource properties. It focuses its operation in Mexico and the United States. The company was founded by Peter Jude Hawley on May 12, 1998 and is headquartered in Toronto, Canada.
Possible break out towards 4.00For my idea, I see we have been channeling down towards the red support line that has held up twice, the channel is about to intersect with the support signalling a break out is due. The range has narrowed enough with with what I view as possible bullish reversal starting on last 2 daily candles, if this will close above 3.81 on Monday i will expect a green candle Tuesday pushing to or above 3.98. Brexit delay may push metals higher which can kick off a at least short term reversal for a channel up. I am still learning and quite green with charting
So please use my idea with caution, if this looks helpful please comment or like l, if you have constructive criticism or ideas relating please share them.
usaI use this as a proxy, still at weekly turning point so could just be down channeling now, Trump twitter can turn crap on a dime so careful
ride the bullish trend in precious metals with USAS9/20 USAS formed and inside candle on weekly chart with a bounce off 3 moving averages (200 MA, 100 MA and the 20 EMA. It finished the week strong and with the its bullish momentum, increasing volume and the strength of precious metals, this one looks like is well on it way to test the 2018 highs around $5.00 (+60%).
TSX-USA Short Position confirmed TSAccording to our analysis this is stock will start a bearish trend going down to 3.5 levels where will test support, if it breaks could be a good opportunity to buy.
USAjust some simple indicators on 4hr that I use for these trend bursts, lotsa warning of trend change and buy opps....down until superguppy ribbon gets pointy
Back again on the trendlineMorons think that the silver bull market is over just because the SPY makes new highs without understanding the correlation with e.g. Russel 2000. Just because oil prices push prices higher and we have a very normal pullback in silver after a parabolic move doesn't mean the trend is over. We bounce on the trendline and now great news. Is this one of the greatest buying opportunities on the market at the moment? Keep track of the cycles in the wave, looks like USAS is going to enter the next one very soon.
Two for One ?Currently this ticker has recently broken out of a Bull Flag on the daily, with a target of about 4 bucks; and, with any luck we will see the weekly turn into a Cup-N-Handle very soon as well.
Good luck out there!
AMERICAN SILVER CORP HAS 28% UPSIDE.=====PRICE TARGET $4.30=====
RESISTANCE $3.65-$3.90
COMPANY PROFILE
Americas Silver Corp. engages in the acquisition, exploration, development and exploration of mineral resource properties. It focuses its operation in Mexico and the United States. The company was founded by Peter Jude Hawley on May 12, 1998 and is headquartered in Toronto, Canada.
Americas Silver Corporation is another silver miner I like.MMHVW - I’m looking at a potential Head & Shoulder leading into Elliott Waves counts 3,4 & 5. The financials are not bad on this company neither and it’s share price is below the future cash flow value at a substantial discount (> 40%). Their level of debt (16.7%) compared to net worth is satisfactory.
Americas Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States. Do your own research and learn how to invest. Get to know about the company. Did you know that silver is the second most used commodity after oil and with the electrical transformation taking place at the moment will be the number one most used. Soon the price of silver will skyrocket. This is used in all mobile phones, solar panels, mirrors and the list goes on. Also good idea to own some physical metal. Silver, Gold, Palladium ( the price of this is currently above gold and platinum).
AMERICAS SILVER CORPORATION - NYSE: $USAS Requires Your EyesEarlier this month, shares of AMERICAS SILVER CORPORATION - NYSE:USAS recaptured its 200 DMA and has subsequently put in a nice rush into higher ground on the heels of the recent move in Gold to multi-year highs as we can observe in the Daily chart above.
In addition, USAS now finds itself trading above all of its important moving averages 20/50/200 DMA's, which depicts a healthy technical posture.
While the stock may be in need of some consolidation at present after its recent surge, we're monitoring the action closely as we believe that any signs of weakness or pullback from present levels may provide opportunity.
Thus, both investors/traders may want to keep a close eye on the action moving forward as we suspect that USAS has eyes for the $2.60-$2.70 zone and when and if achieved, we may just witness a run into the $3-$4 zone in the not too distant future.
USASI know ive posted this one before but i am still holding this stock and still believe it will be a rocket once it breaks out.
Note the huge volume accumulation bars circled. I suggest buying now or on a breakout of 2.25 level. Good luck!
USAFor those of you that do not have your head collectively buried in the "crypto sandbox" i am going to be posting some of my favorite mining stock picks in what i believe will be the best market to profit from going forward as we enter the second phase of the precious metals bull market. Yes, thats right. 2000-2011 was just a teaser folks. We are at the end of a 10 year correction and things are looking more bullish than ever from my perspective. It typically takes about 10 years for the crowd to completely ignore and write off an investment as hopeless. From this state of utter despair can new life begin. Think about how the stock market topped out in the year 2000 dot-com bubble, same time gold bottomed. So when did the stock market bottom? 2009... nearly 10 years later right before gold topped. Now we have a repeat of year 2000 with the market close to a top (maybe) and gold bottomming. So for those of you so positive this is the bottom in cryptos i say good luck as that is wishful thinking. Yes it looks very bullish, but so do a lot of bear market rallies. Crypto is so bullish lately in fact that it is worrysome. It just aint that easy folks! anyway, all that aside, i base my decisions on what i see right now and what i see is PM stocks are hated across the board, have been in a stealth bull market since the beginning of the year and recently sold off to support where there was many calls of pending H&S pattern leading to a massive selloff to which i called BS, yea i see the H&S pattern... it is now invalidated. Here's a tip. A failed sell signal is a double strong buy signal! On friday silver stocks especially were on fire with one of my top holdings MAG silver posting over 9% on the day. I will do a post on MAG later. I am more bullish on silver than gold so most of my posts will be my favorite silver miners. If a stock is a canadian company listed in US i will post the canadian chart because i feel TA works better on the chart of the parent country. So now that ive rambled on forever let's get to this stock, Americas Silver. USA owns the Galena complex in Idaho which has history going way back as one of the richest silver veins in the USA producing over 250 million ounces in its history. USA aquired it and is the sole operator. Recently USA aquired a small gold mining company which has added to operations now producing gold. Significant shareholders have recently come on board including Pierre Lassonde who just cashed in his convertable debentures for shares... this is a big deal for those who notice. From a TA standpoint USA gapped up beginning of 2019 and has trended sideways since then where i have been accumulating shares near the 2 dollar range. Note the massive volume bar on 29 january and the recent wide range bar on high volume on 4 APR. USA has now broken out of it's downtrend channel. I recommend buying here and holding or for those who wish to wait for a breakout i would buy the breakout of 2.61 (CAD chart) .... Good Luck!
USA LongAs we enter the new silver bull market i will focus on stocks that i believe will provide the greatest ROC. I have many silver stocks that have done over 100% already but i believe many are ahead of themselves. This little gem is dirt cheap, has had a massive volume accumulation bar and has just broke its trendline. I own it and recommend it as a buy at these levels.
Small Cap Miner Play on PM Price MovmentPrecious Metals markets have been doing well these past few weeks.
GC1!
SI1!
A lot of the miners have already made their gains and caught up with the market, but some have not.
Last night and this morning I have been searching for small cap miners that are playing catch-up with some upside.
I found this beauty on my stock screener.
USAS has just broken above it's 200 Day MA and this triangle pattern I have drawn. It seems like a great set up to me and I am going to take my chances on it assuming PM prices hold for a few days/week and this little guy ends up trying to catch up with the rest of the market.
Note that I have no extensive knowledge on the company fundamentally. Just looking at price.
is it a good time to buy USAS Americas Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of precious metals and polymetallic mineral properties in the Americas.
Americas Silver's level of debt (13.6%) compared to net worth is satisfactory (less than 40%). Earnings and revenue are expected to grow significantly at over 20% yearly.
Looks cheap to me.
USAS - look for bottom under $0.50 centsPattern looks pretty clear to me. We see recent 3 wave corrective bounce up which means one more dip before the correction could be over. 30 to 50 cents could be a GREAT entry!
