A Silver Stock Rated a Strong Buy Source: Clive Maund for Streetwise Reports (1/2/18)
Clive Maund conducts a technical analysis on a silver company and finds it is at a good entry point.
There are a number of precious metals stocks that are looking promising here, with one of them being Silver Bull Resources Inc. (SVB:TSX; SVBL:NYSE.MKT). Silver Bull looks very attractive. After a long bear market from early 2011, it has been basing since 2015, and its volume pattern is positive and its volume indicators are very strong indeed. Good entry point here, with it not far above its rising 50-day moving average after a correction unwound an earlier overbought condition. This is especially the case given that silver's latest COTs look very bullish indeed. Rated a strong buy here.
Silver especially looks like it is going to have a good year.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
Disclosure: Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
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