SILVER: Close up on support at $14
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Hi Guys,
double bottom supporting at $14.
2nd bottom forming in divergence with RSI oversold.
230SMA stopping the pull back and pushing down as in 2016.
IMHO a cross of the 230SMA with price breaking and consolidating above $16 may trigger a run towards $20 (1000SMA) with 1st TP at $18.
Otherwise, IMHO, if support at $14 is breached, Silver will probably keep going down.
Here is a scenario for the run IMHO unlikely but possible...key level $15 to support otherwise next $14.5.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
double bottom supporting at $14.
2nd bottom forming in divergence with RSI oversold.
230SMA stopping the pull back and pushing down as in 2016.
IMHO a cross of the 230SMA with price breaking and consolidating above $16 may trigger a run towards $20 (1000SMA) with 1st TP at $18.
Otherwise, IMHO, if support at $14 is breached, Silver will probably keep going down.
Here is a scenario for the run IMHO unlikely but possible...key level $15 to support otherwise next $14.5.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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