Follow up on Silver Idea: Hecla Mining Zooming out on HL I see a clear C & H having just completed formation. This is right in line with my previous post on Silver which is both completing C & H of it's own (10 month cycle) and entering Impulse wave 3 of this bull cycle. I had suggested HL as a vehicle to participate in Silver Price movement so I wanted to follow up with this chart showing the C & H I noticed.
HL exceeded Q1 earnings by a significant margin and offered some guidance that Qs 2-4 are perennially stronger than Q1 which (this year) was fantastic. It points to a strong potential year ahead especially in the context of increasingly higher silver prices.
Anyone out there concerned about the paper v. physical metals (I'm not especially right now but understand where coming from)...consider HL as a solution. Seems to have higher beta than AGQ which is 2x leveraged silver., and solves the issue of paper silver bc you know that these are the guys pulling it out of the ground...
HL:
$2.90 -->$6.05 6/20-8/20. - Executed
$6.02 --> TP $13 - Pending
That's all I got. Not financial advice. DYOR!!
Best,
Alt - B
HLMI trade ideas
Hecla Mining - good buying spot if it can break 6.5 USD?Hecla Mining is in a fairly new upward trend and is now at the bottom of a rising trend channel. I would be looking to buy if the stock price can cross the small black bar - that is around 6.5 USD. It benefits from increasing silver and gold prices (which is seen in the increasing net income) and the company is the largest primary silver producer in the U.S. Earnings report is due in two days - so the cautious investors could wait for the report.
HL: Breakout Confirmed, 37.49% Potential Profit!Description: HL is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $6.5 - $6.9
2. Take profit: $8.98
3. Stop Loss: $6.05
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 94%
🥈 Hecla Minning: HL set up for upburstHi mates NYSE:HL is perfect setup for long in rectangle pattern
here is data for my trade:
------------------------Trade setup ---------------------------
Entry: 5.93
Stop Loss: 5.64
Profit target: 7.02
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