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TheSessionMaker
Sep 19, 2012 7:07 PM

$AEM Daily Update Long

Agnico Eagle Mines LimitedNYSE

Description

This is an update from the previous AEM chart found here (tradingview.com/v/2RDlBy3a/).

See chart notes for details.
Comments
TheSessionMaker
This has turned out quite well. Nov. 2 took the stock down 6%, however there were a couple days of staying in target price range providing opportunities to trim. Nothing says sell outright, but strength has waned a bit on this one. Solid outcome. Take wins where we get them.
TheSessionMaker
Good example of sticking with the trade without getting to impatient for it to tag it's first target. RSI is a bit weaker than I'd like which is why I trimmed some into the pop today. Price action still pointing higher, so sticking with the remainder of the position. Stop at 52.80 and will trail up into further strength.
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