Notes: Looking for continuation off the 1st consolidation post cup and handle breakout.
Trade Setup š·ļø Name: Platinum š Ticker: $PLATINUM or $PPLT š Direction: Long šÆ Entry: $1600 šÆ Target: $3400 š Stop Loss: $1400 āļø Risk / Reward: 9:1 For those who are sidelined on Platinum, look for a correction to $1600 for a final entry opportunity if given.
Trade Setup š·ļø Name: American Battery Technology Company š Ticker: $ABAT š Direction: Long šÆ Entry: Breakout above $5 šÆ Target: $52 š Stop Loss: $3 āļø Risk / Reward: 31:1 Note: Higher risk low cap stock with high volatility. Russell 2000 is breaking out and ABAT is a strong up-trending stock within the Russell 2000.
Trade Setup š·ļø Name: First Majestic Silver Corp. š Ticker: $AG š Direction: Long šÆ Entry: $16 - $17 šÆ Target: $45 š Stop Loss: $14 āļø Risk / Reward: 9:1 Note: Cup and handle breaking out after silver has confirmed multi-decade breakout above $50.
Trade Setup š·ļø Name: Amplify Junior Silver Miners ETF and JPMorgan š Ticker: $SILJ and $JPM š Direction: Pair trade: long SILJ, short JPM šÆ Entry: 0.09 šÆ Target: 0.29 š Stop Loss: 0.07 āļø Risk / Reward: 10: 1 Note: On pair trades make sure to chart the assets against each other (SILJ/JPM)