For WPM , it's getting very close to do-or-die time.
A break above the red resistance range (with at least one daily close) would be SUPER bullish for WPM and the whole precious metals sector. However, should WPM break below the green support range (with at least one daily close), we would expect a lot more downside pressure to come to the precious metals...
ENTRY = Break above 42/Test at 38
1st target = 50
HODL Target = 57+
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading...
Wheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other.
The company's financials is excellent, both in terms of cash flow growth and growth in margins.
Technically, it is an excellent daily point. I see 2 points...
Major support at 1900. There has been October/November options flow purchased last week for gold stocks; WPM, GOLD and GLD. FOMC decision is on wednesday and expect more dovishness from JPowell. Longer lower rates, until a vaccine is approved. Trump wants a lower dollar as well, so its all working out for his election needs.
WPM Wheaton Precious Metals
ENTRY = 618 Support/36-40
HODL Target = 47+
Daily Engulfing Candle, Stoch, Macd, ttmsqueeze & momo set-up
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few key insights. WPM had its 52 week high recently, is a relatively low cost gold stock compared to companies like RGLD, and is on track to potentially pass a $45 threshold which would be an all time high for the...
#WheatonPreciousMetals is actually looking pretty good. The firm has seen solid earnings estimate revision activity over the past month. As technicilay, it broke the 50dayMA yesterday and seems bullish
This precious metal is getting decimated after Chinese factory production(electronics) collapses in the month of February, down -12% in this trading session. This is going to be the deal of the century once a bottom is found as gold and silver are the only money to stand the test of time with over 5,000 years of recorded use as money, especially in a world where...
Where did this all come from? Dramatic market moves this past week even crashed silver and gold. Bonds were the only investment instrument that went unscathed. So much for the diversification theory that gold and silver would remain uncorrelated and offer protection in a weak market environment. Past debacles have shown that when margin call liquidations enter...
Based on my prediction that Gold (and Silver) are due for one last SHARP decline in the coming weeks, I am taking a SHORT position in WPM.
Here's the PUT: WPM JAN 10, 2020 $27 put
Currently offered around $0.16
My target for WPM in the coming weeks is an attack on the $24 level. If correct, this put would reach $3.00
That being said, you could short...