MarketIntel

Pan American Silver: Low ๐ŸŽค ๐ŸŽง

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


โ€œShawtyโ€, in this case, is Pan American Silver, which is shaking its โ€œbig bootyโ€ in its โ€œapple bottom jeansโ€ to the beat of Flo Ridaโ€™s song Low and is progressing deeper into the blue zone between $21.88 and $13.94. It has not (yet) โ€œhit the floorโ€ 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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