Is This Small Miner Set to Soar?
Avino Silver and Gold (ASM) (ASM.V) has been showing technical promise as of late breaking out of it's long developing triangle. The miner has been battling a challenging silver market but still keeping it's head above water and stock price above support. As shown in the charts below it has broken up words from its trading range between $1.40 and $1.60 which it has been basing in for the past 3 months. Notice in the RSI below it has been making higher lows while the price remains even, usually a sign of a coming move to the upside. After making the break out, it has come back to test the upper limit and find support at the previous resistance level. Look for this miner to bounce higher from here as we move into the seasonally stronger fall trading season. A move up to the $2 level is a reasonable target from here.