On Friday afternoon at 3PMEDT, we sent out a technical analysis alert on Defiance Silver (TSXV: DEF) at $0.42 per share and it rallied big during the final hour of trading to finish at a new 52-week closing high of $0.45 per share. Yesterday morning before the open, we told you that DEF appeared to have no resistance in sight and with silver breaking out big we said that DEF deserved your attention. DEF gained as much as 20% yesterday to hit a new 4-year high of $0.54 per share before making a healthy dip and closing up 8.89% to $0.49 per share.
This morning before the open, we alerted you to silver surpassing $29 per oz and explained how DEF by making many healthy dips in recent weeks - still had a relative strength index (RSI) of only 69.17 an indication that DEF wasn't yet technically overbought. DEF today has gained as much as 14.29% to once again hit a new 4-year high of $0.56 per share for a gain of 51.35% from our initial August 14th suggestion price of $0.37 per share!
This message has not been seen, reviewed, or approved by DEF. Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from DEF of USD$40,000 cash for a six-month marketing contract. NIA intends to invest into DEF's private placement. This message is meant for informational and educational purposes only and does not provide investment advice.
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