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...
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
(1)
Entry Price: $59.50
Target Price: $61.66
Stop Loss: $57.34
(2)
Entry Price: $61.23
Target Price: $62.58
Stop Loss: $58.98
Good morning!! Here we have a probability of uptrend.We have a purchase probability . However , if the resistance line is broken thus causing a pull back we can switch to buying. Thanks! TSX:AEM
NYSE:AEM
Long idea for Agnico Eagle Mines as price of gold recovers, albeit slower than my expectations.
Nevertheless, gold price recovery narrative is still in place and you start see some miners reverse their downtrend.
One of these is Agnico Eagle Mines.
On the daily chart, we can see bullish momentum in the positive and negative directional indicators.
Due to recent PM sell off due to the fact that Big 8 are Spoofing - this stock has a ton of downward pressure. Next target is around $52.44 by April 8th. IMHO
The PEAD projected a bearish outlook for $AEM after a negative under reaction following its earnings release placing the stock in drift D
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Agnico Eagle Mines ( NYSE:AEM ) is the gold mining company that I picked as a long-term investment over many other miners such as Equinox and Barrick Gold. I picked it based on which countries have USD Swap Lines , an idea explained by Katusa Research in one of his videos on YouTube. I will explain it briefly here. A USD swap line is an open channel between the...
AEM - It is correcting within 2nd subwave which may go down slight more to complete the 2nd subwave of further impulse up. Stay bullish near 67 level with stop level below 62.30 for target above 80 as 3rd wave or 92 as the final sequence up.
Give thumbs up if you really like the trade idea.
$AEM posted lower than expected earnings with the PEAD projection a neutral outlook for the stock as price is currently trading close to the upper boundary.
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