Slowly but surely, Agnico is devoting itself to the current downwards pressure. Despite the occasional counter movement, the share should soon reach and break through the support at $31.03. Thus, it should arrive in the yellow zone between $19.10 and $10.08 to complete wave (2) in yellow. As soon as this is done and dusted, Agnico can turn upwards again, climb...
Enter when price clears 59.53
With daily volume greater than 4.42M
Target: 70.00 area
Depending on your risk tolerance: 56.05 gets you 3/1 Risk/Reward but it's almost 8%
This trade idea is not trade advice. This idea is strictly based on my ideas and technical analysis. Not due diligence or fundamental analysis was performed while evaluating this trade idea. ...
Weekly Chart is forming a cup and handle.
The Conservative Math (Log Scale Chart):
Cup Floor: 40
Cup Top: 55.5
Cup Height: 15.5
Implied Price Target: 55.50+15.5 = $ 71
If you zoom out you'll notice the price target just so happens to be the top of a prior trading range.
there is a downtrend parallel channel on this underlying. also last trading day it can not break its 200 MA and sell-off. I think the sell-off could fall until 49.5 in couple days
AEM has done a breakout and retest of its weekly support, which is also a breakout of accumulation face. we can easily observe a bullish divergence with good momentum after that. Right now, it is moving in a channel, and it could break out the 51.26 level which is the monthly resistance with the hyper move, or could retest the channel/weekly support. After the...
… or rather: Knock on the resistance at $45.42. Thrice, Agnico has rapped on this mark, without surmounting it, however. Now, the bears are back in charge and should continue to drag the price below the support at $31.03. There, Agnico should enter the yellow zone between $19.10 and $10.08 to finish wave (2) in yellow. There is a 35% chance, though, that the bulls...
The PEAD projected a Bullish outlook for $AEM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
Do I wait for an actionable signal after the price crosses my trigger on the weekly timeframe?
1-2 on the month.
Trigger: 46.98
First Target: 47.68
Second Target: 55.65
Third Target: 60.37
Wait for entry on the Weekly timeframe .
This is what we tell the bears currently busy with Agnico. Our furry friends shouldn’t let themselves get distracted by the little countermovement, but should rather continue to focus on our primary scenario – just as they have been doing so admirably lately. Thus, we expect the stock price to resume the descent and to fall below the next support at $31.03....
Despite smaller counter movements, Agnico continues to follow our primary scenario. We expect it to fall below the support line at $45.42, which should confirm further descent below the next support at $31.03. However, there is a 32% chance that Agnico could chose the other direction and cross the resistance at $74.50, thus reinforcing upwards movement above the...
The PEAD projected a Bullish outlook for $AEM after a Positive Under over reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%.
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $50.81
Target Price: $49.98
Stop Loss: $52.20
Agnico Eagle has stayed strong and has made it into the blue zone between $63.39 and $71.21 despite a momentary setback. If we now turn up our most motivating playlist, it should even climb a bit higher still to finish wave (b) in blue. Afterwards, Agnico Eagle should turn around and head in the direction of the support at $45.42. It should then fall below this...
