Wednesday, April 28, 2010

A bull case for Endeavour Silver Corporation (EXK)

Using this line as a marker for the language.

Favorable Conditions:
  • Silver probably needs to run to $22 to test a double top.
  • Favorable chart pattern.
  • Increasing output.
  • Strong valuation ratios.
  • New mines coming on in 2H2010.
  • Audited by KPMG.
  • etc.
  • Uncertainty surrounding USDCAD forex.
  • Located in Mexico.
  • etc.
And now, a marked up chart: