The PEAD projected a Bullish outlook for $WPM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Wheaton Precious Metals Corp ., a mining company, primarily sells precious metals in Canada and internationally.
The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 development stage projects.
The Russian invasion of Ukraine has brought some tensions in international markets.
With Russia being a...
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals...
Decision to Buy.
If price breaks higher than last close price which is $45.30, can buy at the 1st suggested Entry Price and cut loss if price goes lower than the Stop Loss. Can take profit at the suggested Target Price.
Entry Price 1: $45.36
Stop Loss 1: $43.95
Target Price 1: $46.35
Otherwise, if price breaks lower than the last close price can buy at the 2nd...
WPM coming in hot with call flow for 48-50 by July today and with metals doing what they do and no end in sight for ukraine I see no issue with this potentially swiping some highs.
Weekly bull divs on $SILJ $SI1! and $WPM makes me think we have a good few weeks ahead.
Silver breaking through weekly resistance would help.
WPM has broken long entry level for the symmetrical triangle. Prior resistance which is now support.
Almost a dark cloud cover candle pattern today so pulling back is part of the market, but looks like this will be an engulfing candle by market close. Both are bearish. Just means a pull back is occurring which is par for the course. Dark cloud cover is a 2...
Company Profile
Sector : Materials
Industry : Metals & Mining
Company Location : Vancouver, BC
Wheaton Precious Metals Corp.(WPM), a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 development stage projects....
WPM Long idea with fundamentally and technically supported
The overall fundamental idea is the demand for materials, commodities, especially GOLD in this monetar-political cycle. As we know: keeping GOLD is good conpensation against inflation.
Technical picture:
RSI <40 means: oversold
This is also suppported with a counter trend break. Also the 36 $ is strong...
Although short term i anticipate that price action falls with Gold/USD struggling with the $1950-$2000 area. Profile damage i believe will not be long lasting. Cup and Handle pattern in play with a continuation breakout of 56.77. I have used Fib retracement levels from the base of Cup to current pull back levels to gauge depth of handle (RSI similarly down-ticking...
Description: WPM is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $47.1 - $48.5
2. Take profit: $55.48
3. Stop Loss: $46.07
4. Risk To Reward: 1 / 6
5. Accuracy Rating: 91%
![WPM: 3/3/2022 NYSE [WPM]](https://s3.tradingview.com/q/QbaXazqW_mid.png "3/3/2022 NYSE [WPM]")
