Great Panther Silver Ltd (GPR)

[NYBob]

Great Panther Silver, Ltd. (GPL




Great Panther Silver Ltd.| GPL

Silver miner that looks set to bounce hard and could produce
the biggest gains is Great Panther Silver(GPL_),
which, together with its subsidiaries, engages in
the acquisition, exploration and development of precious
and base metal properties in Mexico.

The company primarily produces silver, and it also
produces gold, lead and zinc properties.

If you take a look at the chart for Great Panther Silver,
you'll see that this stock has been in a complete
downtrend since it hit a 52-week high at $5.04 back in March.

During that down move, the stock has been making lower highs
and lower lows as shares fell all the way to a low of $2.52
a share.

However, now the stock looks like it might be ready
to break out of a near-term descending trend line
that sits at around $3 a share.

A move above that level with strong volume could signal
that a change in trend is coming for GPL.

It's also worth noting that GPL has formed a longer-term chart
pattern of higher lows as long as the stock holds
above $2.50 a share.

Because this is a more speculative penny silver stock,
I would wait for GPL to take out $3 with volume that's
well above its three-month average activity
of 4.2 million shares before buying.

You could buy it on any weakness but I would
add aggressively
whatch out once it took out $3.00

Silver 2nd LT wave bull started




Ag TA bull breakout started

Ag ST short term correction done

Ag well on its way to new highs

Ag LT wave goes often in 5
Ag LT long term trend is my friend

Great Panther Silver, Ltd. (GPL:AMEX - TSE:GPR

http://www.greatpanther.tv/







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