TradingView
EquityCast
May 3, 2023 10:55 PM

Agnico $70+ Price Target Long

Agnico Eagle Mines LimitedNYSE

Description

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.
More