$AXU | Alexco Resources Corp. – Technical Analysis Stock Chart
$FSM | Fortuna Silver Mines Inc. – Technical Analysis Stock Chart
$EXR | Endeavour Silver Corp. – Technical Analysis Stock Chart
Having a look over the majority of the silver miners charts has led to the conclusion that these charts all have been oversold for too long. Slow Stochastic have been signally that it is time for the stocks to bounce back. In addition, looking at Fortuna Siliver mines in specific, a classic hammer has formed.
These reversals today are at strong support for all three of this charts.
“Hammer candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during an advance, then it is called a Hanging Man. Source: http://stockcharts.com