EnWave (ENW.V), Sabina Gold and Silver (SBB), Great Panther Resources (GPR)

EnWave has been a stock I have been following for some time now.  I am considering my stop below the bottom channel line around 1.70.  However, This stock could be turning, I have been waiting for an up move for the past couple of does and it appears that a based has been formed at the 1.75 mark.

A company description from EnWave's corporate website:
"EnWave Corporation is an industrial technology company developing commercial applications for our Radiant Energy Vacuum (REV) dehydration technology. REV is used to dehydrate food, bulk liquids, and pharmaceuticals. EnWave's mission is to establish REV as a new dehydration standard: faster and cheaper than freeze drying, with better quality than air drying or spray drying."

 Sabina (SBB.TO) is still looking to break the wedge that has been formed.  Today we saw this stock slightly gain with other precious metal companies fall as silver broke more than 2.5%.  Other gold companies did well as well, for example Yamana Gold (YRI.TO) .

A company description from Sabina's corporate website:
"Sabina Gold & Silver Corp. is a Canadian precious metals exploration Company with a portfolio of several different properties in Canada at different stages of development.  The Company's flagship projects are currently located in Nunavut, in the Canadian North."

Great Panther Resources (GPR.TO) is a very interesting stock, my plan is to play a "wave 5" or impulse move to the upside.It is interesting to see the Fibonacci fan used with this stock, it appears to fit well with this current move.  The slow stochastics is clearly oversold and looking like the momentum is shifting back to the upside.  This break was interesting as silver fell dramatically but gold made some mild gains.  Therefore, Silver is likely going to follow gold for the next bit but today would have been a good time to buy into silver stocks.  They might continue to drop a bit more but I couldn't expect silver falling much lower than it did today.

The current prediction I have for a wave 5 is 3.85 therefore I am maintaining a sell order at this level unless metals look like they are going to go parabolic.

A company description from Great Panther Resource's corporate website:

"Great Panther Silver Limited, headquartered in Vancouver, Canada, is one of the fastest growing primary silver producers in Mexico with strong leverage to future rises in the price of silver. The Company owns two operating mines in Mexico, and employs over 900 people."


Just to demonstrate the mixed day with silver and gold going opposite directions here is some quotes from a list of companies that I follow.