Post by
kevinNash on Sep 19, 2024 8:07am
DSV chart
It's been forming a bull flag the last 4 days and right under resistance. 50 dma is 78c now. 200dma is 82c. This is the time to hold with a 0.5% rate cut, silver up 2.72% overnight. In fact, silver is very close to a multi year breakout level of 32.50. If silver breaks out, 50 USD is the next level. And it moves fast once it's above 32.50.
This stock is this low all based on Mexican politics. Will they pass anything by the end of the month? Will it actually impact DSV? Will shorts keep pounding away at this not knowing what the Mexicans will do wrt DSV's mine?
From the chart perspective, this is at least going to take a run at the 82c level if not the 1 dollar level short term imo. If they don't pass legislation? It's going to rocket.