The gapping bullish engulfing candle, and following red sell off candle has signaled a potential weakness in the supply... that bullish candle couldn't have happened if the selling was still steady teddy... consulting the charts, buy signals are starting to appear... raising the bottom target into the low .60s from .55, although it would be nice to buy in the .55 to .60 cent range with some 12,26,9 MACD divergence taking shape... Nothing solid yet as of this post.... Fridays and Mondays are good days to watch for a bounce moving in... surely the stock could continue to drop, but the silver market is hot... the price is way off the high... risk is much lower to set up a stop loss if the bounce off the 200 day average fails. Ideally the bollinger band should narrow. The price candles should narrow, and start tracking to the right, losing the downward angle... in a perfect world... it could take up to a week or more but that bullish hollow candle implys impatience. We watch the open closely for clues of selling weakness and/or buying strength.
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