GSVRF - Expert Says These Six Silver Stocks Are Poised to Advance | Benzinga
Source: Clive Maund 05/22/2024
Technical Analyst Clive Maund shares six silver stocks he thinks are ready to advance.
It was looking increasingly likely at the start of that month that the sector correction had run its course, and gold and silver were starting the week strong.
It, therefore, looks like another major upleg will begin imminently in many gold and silver (and copper) stocks. The following silver stocks, in particular, look poised to advance.
Note that if there are some stocks that we looked at before that are not on this list, it doesn't mean that they are not liked and won't perform, it's just that these are the most liked at this time.
Dolly Varden Silver Corp. (OTC: DOLLF) is a fine countertrend Pennant has formed in Dolly Varden over the past month that has brought it back to support above its rising 50-day moving average and unwound its earlier overbought condition.
The next upleg should start soon, and it could be big.
GoGold Resources Inc. (OTC: GLGDF): A zig-zagging countertrend Pennant has formed in GoGold in recent weeks, with the dip at the start of the month bringing it back to a nice "buy spot" above its moving averages that are set to cross soon and will on the next upleg that should begin shortly.
Guanajuato Silver Co. (OTC: GSVRF): The correction of recent weeks in Guanajuato was exacerbated when it got whacked hard by a big funding at CA$0.20.
This funding was upscaled as a result of its being well taken up. The drop has, therefore, presented new buyers, especially with an opportunity ...