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tradepatiently
Apr 30, 2023 2:31 AM

AEM Entry, Volume, Target, Stop Long

Agnico Eagle Mines LimitedNYSE

Description

Enter when price clears 59.53
With daily volume greater than 4.42M
Target: 70.00 area
Depending on your risk tolerance: 56.05 gets you 3/1 Risk/Reward but it's almost 8%

This trade idea is not trade advice. This idea is strictly based on my ideas and technical analysis. Not due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.

Trade active

Entry Triggered

Comment

Sell into strength. Target from Entry is approximately 18%. Sell 1/3 at 6% profit, 1/3 at 12% profit, and let final 1/3 run until trend ends.

Comment

Still holding.

Trade closed: stop reached

Ugh... ;)
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