TradingView
MidasTouchConsulting
17. Jul. 2017 18:34

Buy Endeavour Silver Corp. up to 3.20 USD Long

Endeavour Silver CorporationNYSE

Beschreibung

Another 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

Kommentar

Kommentar

Kommentare
IvanLabrie
I'm with you mate. I favored PAAS this time, and buying AU if it gets a bit more washed out.
faronf
Is it a good time to load up the truck? thoughts?
MidasTouchConsulting
@faronf, I still like the stock/company and I still see tremendous potential.. the gold & silver rally is not over but might run until next spring besides any short-term correction.. and I see some strong positive divergences in the stochastic. not confirmed the lower lows..

If silver goes to 26 Endeavour will explode
jimjames244
EXK chart looks primed right now ... i've been long for a while, however. Further to the below, PAAS probably better exposure than something like AG, larger CAp.
Mehr