Thanks Doug, PAAS is a good choice.
Not a good day for the miners today, a sea of red on both Gold and Copper on my list, a lot of profit taking. We had what seems to be a head-fake Monday when it broke & closed above the upper black line.
I was hoping Monday's close above the pivot point @ $13.88 (black-line) would hold, but it needs at least 3 days above it for conformation, it moved nicely above the black line only to reverse mid morning and create a bearish engulfing on Monday's green bar, a lot of traders/investors got trapped.
The stock has been bouncing its head on the celling for the past 7,8 days, and today, ...it gave a bunch back.
The low at $13.22 still holds, but, ...it might give way if it cant reverse. We wait and see.
The 2nd chart below is an hourly chart as I see it dropped and closed below the 50-hour-EMA today for the first time since the spike, we are seeing some weakness now.
I'm hoping for a reversal very soon, the 100-hour EMA is at $13.10.
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