Post by
kevinNash on Oct 18, 2024 6:42am
Technical chart update
Price broke above 96c. which it was pinned under for 4 days, and ran to the next level at 1 dollar. Next would be 1.10 and then 1.35 which it hit back in May. Beyond that it's 1.60. Last time it was at that level was end of 2022. The 200 week MA is 1.32 so I see a minimum of that level short to mid term.
With respect to silver, it has repeatedly tested 32.50 this year. Remember last time it broke that level it quickly ran to 50USD. And once it breaks I'd say share price here will explode. Even without the break, I'd say this has massively lagged relative to silver and now the whole issue around a mining ban seems to be in the past, at least for DSV. The big elepant in the room would be the company announcing an approval. So I'd not try to get too cheeky by trading this. Hold over night because this is when an announcement would happen.
Comment by
Boreas7 on Oct 18, 2024 8:30am
"Now the whole issue around a mining ban seems to be in the past"? Could you elaborate? Because as much as I would like it to be so, that’s not what I'm seeing right now (yet).
Comment by
BaldSilverHead on Oct 18, 2024 8:41am
Point 87 of Sheinbaum 100 steps of transformation: "Existing concessions will be evaluated, provided there is community consent and no environmental impacts. "
Comment by
Ironmask1 on Oct 18, 2024 9:22am
Well if you dont see it yet you should follow politics and The official sites and miningnewspapers and financial headlines..do your DD
Comment by
kevinNash on Oct 18, 2024 1:10pm
Silver seems to be holding it's break out of 32.50. Now 33.20. DSV is 1.06. Qutie frankly, it's still lagging. Maybe we get a strong close today.
Comment by
kevinNash on Oct 18, 2024 3:29pm
Silver is 33.87. It's a break out. Ok Mexico. Give aproval to DSV now.
Comment by
kevinNash on Oct 21, 2024 9:54am
And there's the follow though on Silver. Silver's next resistance is basically 40USD. As for DSV, 1.32-1.35 is the 200 week MA and the next resistance. Then 1.50 and 1.60. On the weekly it's still not overbought.
Comment by
kevinNash on Oct 21, 2024 2:33pm
Well look at that, a full on short attack while Silver is holding up. Crazy 14% swing so far.
Comment by
Ironmask1 on Oct 21, 2024 2:59pm
This just goes to show that even graphs can be manipulated :) I'm not worried, support is strong. Of course depending how the tree will be shaked and traders or shorters capitulate. The bulls against the bears. Shorters against the longs. That's why I only use graphs as an additional tool, not as a definitive starting or exit point. Long and strong.