RE: Silver surging19 Feb 2025 14:57
If you look at various historical charts, you will see that quite often they showed either problems were on the horizon, or a bull market was about to commence. So I am not sure I fully agree with that conclusion either.
I do agree though, that for those simply buying and holding with a genuinely long time horizon, then this stuff basically does not matter. I do the same myself on occasions for that type of strategy. Took some PMI the other day, even though the short term probability, based on TA, is to see mid/low 40's. Were I simply looking to trade that one, I would not have made that (small) purchase at 51p, or whatever it was at the time.
Nevertheless, back to FRES...and that gap looks like it has filled now. Must be one in a million luck :)
When I have some time, I will try and post some more TA for where I think the next price region might be here.
Needless to say, TA does not always play out and of even greater importance, I am not nearly good enough yet at TA to necessarily give fully reliable information.
One of the reasons why I often ask others on various boards for their thoughts on TA. Because some posters are credible technicians. And I always try to keep learning. GLA.