abra silver weeklyhow low will she go?
this sell off is providing some attractive entry points on quality projects
one idea is to stick to projects in oil exporting countries so impact from the war is minimized and will not limit (too much) development.
some CEO's in the sector are starting to add to their positions
AbraSilver Resource Corp.
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In-depth trading ideas
Abrasilver (ABBRF) With Weekly Cycle LowThis is a junior silver miner has confirmed a weekly low while also seeking to confirm a yearly low on 14 July 2022. If that is the case then the share will not pay much attention to what silver price does in the short-term, as seen in periods where it was falling while silver was strengthening, it could now be strong despite silver getting beat down. Price target of $0.60 is first task.
A Look for Touch of Channel LineHaving taken profit at $0.63 I have been waiting to get back into AbraSilver. I am looking at the lower channel line to provoke a reaction upwards. However at current price one can scale in, a falling knife wouldn't be dropping a heavy blow to inflict injury to holding position.
ABBRF ABRA SILVEROverall this is looking very strong. Silver is ready to retest $30 an ounce any time soon. Abrasilver is looking very strong on a daily chart and if I am not mistaken on a monthly chart Cup and handle are forming - if that is the case we will have some correction before taking off to the moon which is inevitable. Also RSI on daily is going to meet some resistance and on a monthly it is very close to an overbought conditions which correlates with a completion of a cup and now it is time for a handle which will bring the price down. I could be wrong but that is what I see.









