Penny stock bottom fishing play. This fine company is under pressure due to their public share offerring. This is a good chance to pick this one up on sale.
35% Downside, 150+ % Upside.
The Gold Bull is starting; might test 1.50s or a bit lower, but anticipate this to move quick once it does; could see this being a 5 bagger over the next 10-years.
AFTERHOURS ANNOUNCEMENT
McEwen Mining drives a potential new source of production McEwen Mining is pleased to report positive exploration results from the 147NE Target, which was initially discovered in 2018.The Grey Fox Area is located 5 km south of the Black Fox Mine and is comprised of three deposits: 147, Contact and South, and two targets: 147NE and Gibson....
MUX McEwen Mining INC, BATS 1D up to 28JAN19
1D Chart, McEwen Mining INC (MUX) by october 12, 2018, was able to break over both the 100/200 days MA signals (1), along with an ascending movement from 40 RSI over 70 RSI surfing over this last until November 12, 2018 (2), when felt and found support on 24 RSI and below both the 100/200 MA, bounced back, increased its...
MUX should go down until circa april 2019 or until it trades at 90 +/-cent (whatever happens first) Yet in the long run should be trading at 10 per share
McEwen Mining- $MUX Tremendous growth prospects ahead -
The first thing I look for when investing in a company is its management and its potential both in the short term and longer horizions.
$MUX has a key advantage to other Junior miners becuase its led by Rob Mcewen the X (ceo) of Gold Corp. Rob has a wealth of industy experience and unlike most CEO's his...
Mc Ewen Mining is slowly working its way up to the 4,80 mark.
We clearly see a C/H pattern and at the same time a H/S pattern.
And a beautiful wedge with a base of 5.20! Gives a target of 7,35.
If the patterns, we see, are correct we can buy now...
or expand our positions when the price surpasses 4.80...
Above the 4.80 mark we could expect an extra upwards...
McEwen Mining bottomed earlier than many other miners. Getting a confident Elliott Wave count has been challenging. The white 1-2, (1)-(2) is still technically valid but broke below ideal support for (2). Alt blue Primary 2 can come significantly deeper, as shown. If an impulsive move forms above recent highs then that would be an early encouraging sign of...
MUX seems forming a oscillating pattern, as it making a double bottom with hidden divergence in money-flow. If we bounce back from this bottom & breaks 4.8, the continuation will be up to 6.15
Strath Thinks that it will go to 7.5 over the next 6 months for its fundament strength.
You can check our detailed analysis on DNAI in the trading room/ Executive summery...
McEwen Mining, Inc. is a mining and minerals production and exploration company, which focuses on base metals in Argentina, Mexico and the United States. It operates through the following geographical segments: Mexico, MSC, Nevada, Los Azules, Canada and Other. The company was founded on July 24, 1979 and is headquartered in Toronto, Canada.
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MUX
