CDE is one of my lotto tickets for a possible 10-bagger. Even with the recent 60% surge this summer it’s still down about 90% from its post-recession/QE surge. As with EXK (and almost all miners, especially juniors), it’s undergoing a healthy backfill after an amazing run.
Plan:
Price is already below the 50 SMA on the daily with the average still pointing up. Too easy. Waiting for price to close above the 50 SMA and RSI 9 EMA to cross the mid line (set levels to 50 instead of 80/20) for a signal. Confirmation will be price exceeding the signal candle. Stop loss @1.5x ATR.
Not financial advice. Will update when active.
Plan:
Price is already below the 50 SMA on the daily with the average still pointing up. Too easy. Waiting for price to close above the 50 SMA and RSI 9 EMA to cross the mid line (set levels to 50 instead of 80/20) for a signal. Confirmation will be price exceeding the signal candle. Stop loss @1.5x ATR.
Not financial advice. Will update when active.