I was unable to load the Charts.
ARIZONA SILVER EXPLORATION update...
originally published Sunday, January 29, 2023
Arizona Silver Exploration has continued to improve since we last looked at it in mid-December and it does not require a long-winded write up, because its stock charts present a uniformly clear and unambiguously bullish picture as set out on the following 6-month, 37-month and 9-year charts below, whose main attributes we will briefly consider.
On the 6-month chart we see that this month the price broke out of the large intermediate base pattern that has been buliding out since last June – July, a move that was accompanied by high volume and a gap, a sign that the breakout is genuine. Everything about this chart is positive, with the price trending higher, so the normal post-breakout reaction of recent days is viewed as presenting a perfect “buy spot”.
On the 37-month chart (3-year plus one month to include all of January 2020) we can see large intermediate price swings within an overall gentle uptrend or upward bias, and it is clear that this month’s breakout marks the start of another sizeable upleg, especially given the positive volume pattern and Accumulation line…
On the 9-year chart we can delineate a giant expanding channel which, if the price should make a run at its upper boundary, as seems like the least it will do given the improving outlook for the sector, will result in good percentage gains from the current price and possibly quickly. This chart also shows that it has the capacity to spike dramatically as it did in 2017, as many exploration stocks do, and if good news is forthcoming it could do so again.
Arizona Silver Exploration is therefore viewed as being at a perfect or near perfect entry point here and is rated an immediate strong speculative buy.
Arizona Silver Exploration website
Arizona Silver Exploration Inc., AZS.V, AZASF on OTC, closed at C$0.34, $0.25 on 27th January 23. The stock trades in reasonable volumes on the US OTC market.
Posted at 1.00 pm EST on 29th January 23.