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A stock’s chart in the midst of a decent size correction, can present in one of three ways. It can look like the correction will likely continue, it can display that the correction is likely over and it could also display that it is about to reverse and head higher. Obviously, if one is looking to be long that stock, the third choice is preferable.
I suggest to precious metals enthusiasts who choose to include in their arsenal, mining stocks along with their physical holdings, that a certain silver miner(there very well may be others) is presenting with a strong likelihood that it’s correction is over.
It may not be ready to reverse and head higher immediately, but if it indeed has completed it’s downside, this is the time to start a position, and once a clear reversal appears likely, add to it. I submit that Hecla Mining(HL), is once again, at an excellent risk to reward buy point. (This is not investment advice, just my opinion.) 
Let’s play this out.
A bottom for a bounce, on the way to lower?
Or a bottom and new highs next?
Is there anything objective on why the decline should stop HERE?
Or is this just “opinion” otherwise known as wishful thinking?
I have my opinion too, but if I offered it up, you would just say I was trolling. And I really don’t have to, since I covered the sector in a post yesterday and that stands for SIL and SILJ also.
“can present in one of three ways. It can look like the correction will likely continue, it can display that the correction is likely over and it could also display that it is about to reverse and head higher. ”
As I read this, it only offers two paths not three. Since Correction Over and Reverse and Go Higher are essentially the same.
I have others … Go Sideways (Correction morphs) and Correction Corrects (Retrace up Before Further New Lows … which is SOP).
“It may not be ready to reverse and head higher immediately, but if it indeed has completed it’s downside, this is the time to start a position, and once a clear reversal appears likely, add to it. I submit that Hecla Mining(HL), is once again, at an excellent risk to reward buy point.” Pretty straightforward and clear to most. I said the chart and technicals indicate it has stopped going down. I also said it may not be ready to go straight up from here, which would suggest backing and filling before heading higher. The takeaway, which couldn’t be any clearer, is taking a position here and adding once the sideways ends. Nothing suggests going lower or I wouldn’t suggest starting to establish a position.
unless bombs start dropping onto Moscow or Iran this is just a BMR .(bear market rally) Blinken just promised all the money that they can find in USA will go to Zelensky so one last hurrah still to come , but when …