It is right at previous resistance of 1.04 currently. It will need to bust through two walls. Previous resistance of 1.04, most important, and the FIB line at 1.10. It could run up then to 1.31. Watching it today to see how it reacts to those two resistance lines.
McEwen Mining, Inc. is a mining and minerals production and exploration company, which focuses...
Possible breakout long above $1.10
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...
I'm loving MUX, sure I know I know, it's a Junior. I like the story, I like Rob McEwen, he has been buying, has a huge stake in this and a good historical track record. A few red herring hiccups might discourage some. Fundamentals should see this stock double this year.
Will we breakout from this current channel or fail to do so?
If this fails, expect this stock to just move within the current channel.
I also show why 1.35 is the actual next resistance, should we break from this channel.
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.
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.
MUX
