Pan American Silver (PAAS) Impulsive Rally in Progress
Pan American Silver Corp. (PAAS) is a mining company headquartered in Vancouver, Canada. It specializes in the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines. Established in 1979, the company operates mines across Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil.
PAAS Monthly Elliott Wave Chart
Monthly Elliott Wave chart shows the stock completed Grand Super Cycle wave ((II) at 5.89. It has rallied higher in wave ((III)) with internal subdivision as an impulse. Up from wave ((II)), wave (I) ended at 40.11 and pullback in wave (II) ended at 12.16. The stock has turned higher as a nest in wave (III). As far as pivot at 5.89 low stays intact, expect the stock to extend higher.
PAAS Daily Elliott Wave Chart
Daily Elliott Wave Chart shows that wave (II) ended at 12.18. The stock then resumed higher in wave (III) with internal subdivision as an impulse. Up from wave (II), wave wave I ended at 24.27. Pullback in II ended at 17.86. The stock then resumed higher in wave III in a nest. Up from wave II, wave ((1)) of III ended at 26.05 and pullback in wave ((2)) of III ended at 20.75. Near term, while above 12.43, expect the stock to continue higher.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.