CDE has ended the steady and rather drawnout counter trend phase since mid-2016 with the break above ~9.05. A strong upmove towards minimally 11.75 (1st projection) is extremely likely. Secondary targets come in at 14.30 (3-4 months) while the long-term forecasts suggest levels well above 17.50 (12-months+). Maintain initial stops below 8.25.
Have a nice 5x3 at the base of the Retracement. Can use this pattern to Define Risk.
This is a triangle in progress and this one has taken one year and four months to take shape. The support level around 7.20 has been relevant in the past (without be to precise) But now why I care is the resistance line in the triangle. This is not a confirmed resistance breakout yet but I shared the idea because other Companies in this same Industry/Sector are...
Would you get a load of that? I.e> red channel. You can see I added that in later.
To understand my chart one must look to the past. After a spike up from reversal lows.. we get #1.. most people call this abc=#1. Its about a 50 to 60% correction---look to 2008.
Perhaps gold will continue lower after all. $GDX $GDXJ $GLD
Look at that, it became a broken down Triangle.
Finally CDE is coming down,, losses should pick up soon.
need a close above Blue Line first. $GDX $GDXJ $DUST $NUGT $GLD
Hey Guyz, Coeur Mining is the biggest US Producer of Silver. Since Silver and Gold are currently changing from bearish to bullish mode - I believe - that the mines will follow. Same we can observe at Barrick and Newmont. Since Coeur has a good price level close above the 61.8 Fib, and approx. 84 % potential to the recent high in august of last year at 16.40, I...
Wow this version is more spookier than crashing right now. It drags on for an even bigger top.
One week chart shows an accumulation phase with S/R @ 7.83 and 9.91 respectively. The daily chart shows strong resistance @ 9.82. Based on previous entries at my suggested buy point the swing appears to take around eight trading days. Using my Buy, Stop, and Sell points. This setup has a risk percentage of 3. With a stock reward per share of 2.05 and a R:R of...