FVI, Fortuna Silver

FVI apr 18 2012

Fortuna  got pretty close to the target of $3.50 (4th wave of prev. deg.), and, not coincidentally  a 50+% retracement from the highs of $7.50 or so. It could be a buy here around these levels for a trade as both the and MACD are at 3 year lows. Should the stock at least close the gap it could climb to $5.30 easily. Thereafter we remain disinterested in the precious metals.