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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (85145)	5/26/2020 2:58:19 PM
From: Goose94	Read Replies (1) of 202903

Silver: Bullish Silver has not enjoyed the same bullish gains as Gold, technically or otherwise, until recently breaking out to the upside. The weekly chart does now have a confirmed uptrend with higher-highs and higher-lows. While arguably overextended away from the 16.55 level, price has produced a small, bullish candlestick in the buy zone of the MAs, with both momentum indicators showing bullish, trending momentum as well. Price may be getting ready to attempt the next leg up sooner rather than later. An entry above the high of two recent daily candlesticks around 17.80, with a stop-loss below the low of Friday’s candlestick around 17.15, may offer an entry into the next leg if it occurs. The level of 19.00 may offer significant resistance and taking partial profits ahead of this level could help reduce exposure. Risk management will be key, so a stop-loss is imperative in order to protect capital exposure against unforeseen outcomes. RJOF Editorial Team

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