LONG-TERM: Falling wedge breakout, support bounce, 4hr descending broadening wedge, weekly triple classic bullish divergence. (not financial advice) *tailoring position sizes for looser stop is important
currently hovering just below 4.50. speculative idea to go long at this point if it finally finds support around this level. Possible end of deep wave 2 correction. Any close below 4.10 negates this and would be a stop loss position.
CDE is yet another example of a mining name that hasn't been found yet but is working on a major breakout. Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It holds 100% interests in the Palmarejo gold and silver mine covering an area of...
In this setup, we're seeing: 1. Huge stopping volume 2. Bullish divergence on RSI / MACd 3. Retrace of key Golden Ratio levels 4. Inflation I'm not looking at any fundamentals, this is purely a technical setup. Good luck.
Franco Nevada vs. Principal Gold Miners (ex. BHP , Teck , Glencore and Vale), unweighted, outperforms GDX
Franco Nevada vs. Principal Gold Miners (ex. BHP, Teck, Glencore and Vale), unweighted, underperforms GDX
Hedge-Play Dropped in a good spot (for a Starter). I am already in a mid-size position I would like to expand if it drops more.
Once again, a strong selloff in this company provides an interesting long opportunity. Trade well friends.
10% upside potential if it breaks downtrend (green line), buy the dip and join the trip.
see chart Website: www.coeur.com Founded: 1928 Sector: Basic Materials Industry: Gold Full Time Employees: 1,959 Next Earnings Date: 2021-10-27 Target high: 14 USD Target low: 9 USD Average: 10.31 USD
Looks to be in a distribution phase at the moment and just had huge selling volume on Friday might look good to take a short position if I see it break below all these support levels. gna be watching for a breakout though
Silver and Gold are taking off again.
30 min time frame. After Earnings Drop, Broke Support at $9. Fell to support at around $8.15 and hopefully will be moving up slow and steady from there.
With substantial weakness in the dollar, precious metals and the USD currency index have a strong inverse correlation. Silver has broken out from a bullish falling wedge pattern, which it has back tested and then broken out of the back test. We can also see bullish divergence for the MACd technical indicator on the 8H for Silver spot too. The attached chart...
The consolidation pattern on the monthly chart looks even more bullish. Great risk reward here
MID-TERM: Daily hidden bullish divergence, trying to flip previous resistance into support. Silver mining play. (Not financial advice)
CDE looks bullish at these levels. Coeur mining breakout could be imminent. We are bullish CDE! - HH