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MarketIntel
Sep 19, 2022 1:54 PM

Agnico Eagle Mines: Knock on Wood…🪵 

Agnico Eagle Mines LimitedNYSE

Description

… or rather: Knock on the resistance at $45.42. Thrice, Agnico has rapped on this mark, without surmounting it, however. Now, the bears are back in charge and should continue to drag the price below the support at $31.03. There, Agnico should enter the yellow zone between $19.10 and $10.08 to finish wave (2) in yellow. There is a 35% chance, though, that the bulls could intervene and drag the price above the resistance at $74.50, thus enforcing further ascent above $89.16 as well.
Comments
Tradersweekly
Thanks for the idea. Good luck!
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