On a breakout of the pennant at $15.70 a move to between $16.57 & $16.80 can be expected.
Once the initial target of $16.57 is reached, a protective stop should be placed tightly under the
price because although it may reach as high as $16.80 or so profit taking can be expected, and the
price of silver could fall back to the original level of around $15.70 again, where another
buying opportunity could be taken advantage of.
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas helpful & useful, and if you like them I
would encourage you to click the LIKE symbol.
Wishing you all the best of luck in your trading and investment activities!
Once the initial target of $16.57 is reached, a protective stop should be placed tightly under the
price because although it may reach as high as $16.80 or so profit taking can be expected, and the
price of silver could fall back to the original level of around $15.70 again, where another
buying opportunity could be taken advantage of.
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas helpful & useful, and if you like them I
would encourage you to click the LIKE symbol.
Wishing you all the best of luck in your trading and investment activities!
