Pullback Status: watching Cost basis: Stop: First price target: Technicals: Horizontal S&R: yes, weekly Channel S&R: yes, weekly MA S&R: yes, 200ma Pearson's R >= 85: yes Price within Fib Ret..62: yes Stochastic turn/crossover above 80%: yes, but looking embedded AO pullback >0<1.38: no Fundamentals: Next Earnings date: 10/23 IBD EPS Rating: 94 IBD SMR...
RISK - below $36.50 (-1.78 or -4.6%) REWARd - along $44 (+5.72 or +14.9%)
The precious metals have come under some decent selling pressure, as GOLD is trading around $1275/oz. Following suit are the gold miners and Agnico Eagle Mines Ltd (USA)(NYSE:AEM) is no exception, as it is down nearly 4.5%. This weakness has peaked my interest as a pro trader and will be looking for a good entry point, for a long side trade. On the chart below...
long possible 42 to 44 area before failure
Miners getting some love in these sessions. Hard group to call with the juniors, the etf's and everybody's brother and sister, cousin and more cousins involved. See my recent tweets with names you can add to your must watch once in a while list. Follow me on twitter and here on TradingView. Thank you, Sincerely, Beauty
This is an update from the previous AEM chart found here (). See chart notes for details.
Check the notes in the chart. Currently at longer term resistance, but if through, nice trade for a few points.