Agnico Eagle Mines Limited is active as a mining company in gold production, operating gold mines in North and South America as well as in Europe. The company, with its headquarters in Toronto, is traded on the NYSE with the acronym AEM, and has recorded significant price declines in the last 6 months. In this analysis, we explore the possibility of further...
As we know the gold price in general was artificially discounted is not real, to make it more accessible as an opportunity to buy ( For large international investors ) , it is logical to think the main general perpective indicators of a change in trend will be the mining companies area (gold ), is not clear the when?, bus is clear the : The turbulence it will...
A few weeks ago we detected a bottom triangle which technically failed but it looks now the picture is more bullish than bearish. 17 Buy signals and only 7 sell signals. Make your decision. There is a good chance this could easily hit $42 sometime in this year. Go www.2waytrading.com
AEM cleared 50-200 sma, breaking out of resistance, Range Clones.
Currently at 2012 DownTrend_Line.
Potential Bat and Gartley confluence, at D, 5th Wave, 200 sma Weekly.
Looks like a Crab. I started from the gap as I deem it important, but I don't think it's an ideal place to start from. Kinda two ideas fighting here: 1) a gap is an "important" area and a measurement could be started from there and 2) a measurement should start from a pivot. This gap does not provide a pivot.
The volume has been increasing on the bearish move lower. EMA’s are headed bearish steadily following this move lower. The SMA’s gave a bearish cross recently. Stochastics are giving a sell, RSI is headed lower and MACD is giving a sell. The BB have been broken bearish and ADX is headed higher from being sideways. Yesterday there was a bearish retest gap with the...
The precious metals have come under some decent selling pressure, as GOLD is trading around $1275/oz. Following suit are the gold miners and Agnico Eagle Mines Ltd (USA)(NYSE:AEM) is no exception, as it is down nearly 4.5%. This weakness has peaked my interest as a pro trader and will be looking for a good entry point, for a long side trade. On the chart below...
