MarketIntel

Pan American Silver: Low 🎤 🎧

NASDAQ:PAAS   None
She hit the floor (she hit the floor)
Next thing you know
Shawty got low, low, low, low, low, low, low, low…


“Shawty”, in this case, is Pan American Silver, which is shaking its “big booty” in its “apple bottom jeans” to the beat of Flo Rida’s song Low and is progressing deeper into the blue zone between $21.88 and $13.94. It has not (yet) “hit the floor” but could of course use the blue zone until the bottom to finish wave (ii) in blue. Afterwards, though, Pan American Silver should take off, heading for the resistance at $40.11. However, there is a 38% chance that Pan American Silver could get too low and thus drop below the support at $10.61, which would then trigger further downwards movement below the next mark at $5.38.
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