Agnico $70+ Price Target

NYSE:AEM   Agnico Eagle Mines Limited
Weekly Chart is forming a cup and handle.

The Conservative Math (Log Scale Chart):

Cup Floor: 40
Cup Top: 55.5
Cup Height: 15.5
Implied Price Target: 55.50+15.5 = $ 71

If you zoom out you'll notice the price target just so happens to be the top of a prior trading range.

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