Description: WPM is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position. Stats: 1. Ideal buy range: $47.1 - $48.5 2. Take profit: $55.48 3. Stop Loss: $46.07 4. Risk To Reward: 1 / 6 5. Accuracy Rating: 91%
Chart pattern: Bull flag Entry: Immediately (the price ended the secondary downtrend of the correction on the 17th of May) Stop: ~35$ Target: 74$-98$ Stopmanagement: SAR Parabolic weekly chart default settings Risk:Reward-Ratio: > 2:1
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver and palladium minerals. It has agreements for 20 operating mines and 9 development stage projects. The company reported adjusted earnings of 33 cents per share in the fourth quarter of 2020 final figure that increased...
Monthly chart forming support from past resistance level. Weekly and daily developing shoulders for inverse head and shoulders. Slight backtest of downward trendline on daily. This level is worth putting some risk on.
no S SHERLOCK!!! lol silver is coiled like a spring like the miners.
#DXY SOME SILVER STOCKS I RANDOMLY PICKED LOOK IMPRESSIVE ESPECIALLY #FIRSTMAJESTIC #USDTRY I GET SIDETRACKED BY SOME FX TALK #TURKISH #LIRA CANARY IN THE COAL MINE???
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...
WPM 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...
Expecting bounce from extremely oversold weekly and daily levels.
Seems WPM has around 18% annual compounded growth. Unless the data is not accurate.
Potential Long above $46.40 Target price $44.75
With interest rates near zero, it's still easy to build a portfolio of buy-writes with killer gains for the year. Analysts are calling for 55-65 price range on Wheaton this year. Selling a $50 call against it for a cost of 37.50 clears 30% on the year if prices move to 50 or better. As part of my diversified portfolio, I added this play for 2021.
Cutting losses if this bleeds to $38, above $41 I will increase my position