Elliott Wave Forecast Team
ElliottWave-Forecast.com
Pan American Silver (PAAS) is a leading mining company headquartered in Vancouver, Canada. It specializes in the exploration, development, and operation of silver mines across the Americas. The company has a diversified portfolio spanning Mexico, Peru, Argentina, and Bolivia. Below we will look at the Elliott Wave outlook for the company.
PAAS monthly Elliott Wave chart
Monthly Elliott Wave of Pan American Silver (PAAS) shows that the stock ended wave ((II)) at 5.32 on January 2016 low. Up from there, it has started a new bullish cycle. Wave (I) ended at 40.11 and wave (II) pullback may have ended already at 12.16. Expect the stock to resume higher as far as it stays above 5.32.
PAAS daily Elliott Wave chart
Daily Elliott Wave Chart of Pan American Silver (PAAS) shows that the stock may have ended wave (II) at 12.18. Further rally and separation from the low is desirable to give confirmation that the low is really in place. Up from wave (II), the rally looks impulsive with wave (1) ended at 13.28 and wave (2) ended at 12.2. Wave (3) is now in progress before a pullback in wave (4) and then higher again in wave (5) to complete wave ((1)). Near term, as far as pivot at 12.18 low stays intact, expect the stock to extend higher.
FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.
Recommended content
Editors’ Picks
AUD/USD defends gains near 0.6650 after mixed Australian data
AUD/USD caught a brief bid wave and edged toward 0.6700 after Australian CPI unexpectedly ticked higher to 3.6% YoY in April. However, a surprise drop in the country's Construction Output for Q1 curbs the Aussie's enthusiasm. A cautious mood also acts as a headwind for the pair.
USD/JPY trades firm above 157.00 amid dovish BoJ commentary, USD strength
USD/JPY is trading on a positive footing, comfortable above 157.00 in the Asian session on Wednesday. The pair holds higher ground after dovish comments from BoJ's official Adachi. Broad US Dollar strength also adds to the upside in the pair amid a risk-off environment.
Gold price gives up gains amid Fed’s hawkish remarks
Gold price snaps the three-day winning streak on Wednesday amid the modest rebound of the Greenback. Additionally, the hawkish remarks from several Federal Reserve officials and stronger-than-expected US economic data diminish expectations of the Fed rate cut in September.
Bitcoin long-term holders begin re-accumulation after Semler Scientific and Mt Gox make major whale moves
Bitcoin declined briefly from the $70,000 mark on Tuesday as Semler Scientific and Mt Gox made notable whale moves. Glassnode also shared key on-chain insights that breathe clarity into the market's current state.
Inflation week: Eyes on Germany’s numbers, Eurozone and the US PCE
Today we get Germany’s numbers and on Friday, both the Eurozone and the US PCE. For the Eurozone, expectations are for core to remain the same at 2.7% and for the ECB to cut in June. This is being named a “hawkish cut,” one of those inherently self-contradictory terms.