Fortuna Silver Mines could be near reversal
MMHVW - what do I see Modified Schiff Fork with previous bounce off the lower parallel and 0.618 lines. Also a potential shark pattern with C leg forming and then a descending wedge. Base on these I’m thinking price could reverse soon and change direction. Could be a long shot but for a financially stable gold/silver miner, which is significantly underpriced, is not bad. Obviously there are risks but no risks no rewards.
Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005.
Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005.
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Pitchfork seems valid. Expecting a pull back off the upper quartile. Probably test median. Would be good buy Zone.
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Lord MEDZ