The company is overbought on all chart including daily, weekly and monthly. It will pullback and fill the gap as you see on my charting. Silver stocks are overly pumped with press releases in general. I don't recommend buying the hype at the top. Current price seems to be good for shorting for the gap to fill next month for 20%+ gain.
Would you recommend shorting at today's price of around $14.30? I'm considering opening a short position, but there are some economic indicators, namely the Q2 GDP that are giving me concern.
Would you recommend shorting at today's price of around $14.30? I'm considering opening a short position, but there are some economic indicators, namely the Q2 GDP that are giving me concern.