AcornWealthCorp

MUX - Downward Channel breakout Momentum Long from $2.17

Long
NYSE:MUX   McEwen Mining Inc
MUX seems broken out of a downward channel formation and sitting at the top of the channel now. It's trying to break out it's 200 days moving average. We think it has good upside potential if it can break the overhead resistance.

* Trade Criteria *
Date First Found- May 7, 2018
Pattern/Why- Downward Channel breakout Long
Entry Criteria- $2.17
Exit Criteria- Momentum
Stop Loss Criteria- N/A
Indicator Notes- Strong Twiggs money flow index
Special Note- Insider buying in December

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