NYSE:AEM Agnico Eagle Mines Limited
AEM has done a breakout and retest of its weekly support, which is also a breakout of accumulation face. we can easily observe a bullish divergence with good momentum after that. Right now, it is moving in a channel, and it could break out the 51.26 level which is the monthly resistance with the hyper move, or could retest the channel/weekly support. After the breakout of monthly resistance, we may see an accumulation face right after that between 51.26-56.76, which would lead to 61.24-62.96 which is monthly resistance, and Fib level 0.5.