Market insights
Buy Endeavour Silver Corp. up to 3.20 USDAnother silver stock that I really like and that I have already recommended in the past is Endeavour Silver Corp.. Although Endeavour had some issues in the last couple of months I continue to believe in Bradford Cook and his team. Endeavour was one of the best performing silver stocks in the first half 2016 and should offer massive leverage in a new silver bull market.
Technically the stock as corrected back to the 61.8%-retracement around 2.80 USD and is running into a bullish wedge. With a stop loss at 2.60 USD and a 1st profit target at 5.90 USD this idea has an initial risk/reward ratio of 1:7.
Buy Endeavour Silver Corp. up to 3.20 USD (NSYE: EXK)
Place a stop loss at 2.60 USD
First profit target 5.90 USD
Timeframe 6-12 months
Risk/Reward 1:7.7
04-22 EXK Chart (by Got Goldies)You can see now there is 3 nails.. (nail=inverted wick) where buyers came in and pushed up the prices.
04-20 EXK ChartInteresting development. If you guys are familiar with my new inventions..then you see it.
02-24 EXK Short Term Chart (by Got Goldies)Looks like the 5 tops are in. Time to make Inverted head and shoulder and channel retest kiss.
02-27 EXK drop update (by Got Goldies)so far so good.. you could just tell from the other miners this was going to happen.
2 year EXK chart (by Got Goldies)EXK was a very hard chart to forecast, but when using my unique my bottom finding method becomes very easy.
I call this the Got Goldies Quadruple line. In order to forecast, you have to know what Silver is going to do, too.
You can follow me at Anatomy Of Silver forum also.
Happy EXK Yearmultiple reverse head and shoulders lower right shoulder buy
EXK ready for higher silver.
Trading with the Trend, $EDRAs you can see by looking at this chart, price action has been following the upwards linear regression channel. It has just bounced from trading at the bottom lin reg line and is showing several bullish indications as stated on the chart. My price target is around the upper lin reg line (green rectangle).
Trade valid until price closes below bottom lin reg line.
Simple Trading Techniques – Bullish Strategy
Go long the EXK if it trades at 2.72 or higher. If triggered, place your stop at 2.30 and exit the position for a profit at 3 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of a strategy at: www.udemy.com
