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Sunday, 27 July 2014

Pan American Silver Corp: 27 July 2014, Sunday, 6.33pm Singapore Time

Pan American Silver Corp: 27 July 2014, Sunday, 6.33pm Singapore Time
Chart courtesy of StockCharts.com

Attached above is the Technical Analysis of Pan American Silver Corp (NASDAQ: PAAS).
This will be one of the minority stocks that will continue to go up while the rest of the markets undergo bearish corrections or transition to bear markets.

Base on price structure above:
1. Fake break-down of RED Double-line supports which has now become powerful resistances-turned-supports.
2. Break-up of critical ORANGE Double-line resistances which has been backtested as a support successfully.
3. Powerful rally on Pan American Silver Corp is to be expected.
4. Big Hands and Smart Monies are delving into this stock.
5. A significant rally towards at least $29.50 is to be expected.
6. A rally towards $29.50 will represent an upside of +96.7% profit level on capital invested.

Donovan-Norfolk Ang's Strategy:
1. Invested in Pan American Silver Corp, and will take full profits at $29.50;
2. By the time Physical Silver Spot Price hits $30.00, no matter what would be the price of the stock of this company, I will take profits of all my stocks holdings for this company.

Donovan Norfolk Technical Rating:
Bullish on Pan American Silver Corp (NASDAQ: PAAS)
(Buy on dips with profits of at least +96.7% on capital invested)

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