Top: Daily chart of ISVLF since the March low, uptrend is in tact, pennant consolidation has been forming during the pullback in silver
Bottom: Weekly chart of ISVLF giving the context of the current pennant in relation to the approx. 7 year long resistance in the $0.90-$1.00 range.
Conclusion: a breakout to the upside of the current pennant should lead to 7 year resistance being broken, after that, sky is the limit. Lot's of great charts among the precious metals miners, but this has to be one my favorites.
ISVLF listed in 2012 after silver prices had peaked, so this stock has not seen a silver bull market in its entire life as a publicly traded company. To me, the chart is saying that the stock price will soon be (over)compensating for that fact.
***I am long ISVLF @ $0.81
Bottom: Weekly chart of ISVLF giving the context of the current pennant in relation to the approx. 7 year long resistance in the $0.90-$1.00 range.
Conclusion: a breakout to the upside of the current pennant should lead to 7 year resistance being broken, after that, sky is the limit. Lot's of great charts among the precious metals miners, but this has to be one my favorites.
ISVLF listed in 2012 after silver prices had peaked, so this stock has not seen a silver bull market in its entire life as a publicly traded company. To me, the chart is saying that the stock price will soon be (over)compensating for that fact.
***I am long ISVLF @ $0.81
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