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.
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
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...
Coeur Mining, Inc. engages in the exploration and development of silver and gold mining properties and mines located in United States, Canada and Mexico. The company operates through the following segments: Palmarejo, Rochester, Kensington, Wharf, and Silvertip. Coeur Mining was founded in 1928 and is headquartered in Chicago, IL.
NYSE
