upward movement highly probable after a precious landing on the 61,8% retracement. 10 day mo-average went through the 50 day average and it is very likely that the 50 mo-av. will break the 200 mo-av. after a breakout through the triangle good prospects for 2017.
on balance I am expecting a (middle term) upward trend.
Now you can see CDE is going to follow this chart and make a W-bottom.
This is a close up version to the LT chart I made about 1 month ago.
My guess for the CDE bottom is the lower shoulder at $4 that it never tested..
CDE was up like 400% to 500% in 2016?
The alternate reading is a HnS up to $20.. and a big crash in 2019.
I made this chart last December and i decided to copy it over to Trading View. I have been working on several different outcomes and since CDE was down 21% today I decided to put this one back on the table.
Hi I'm back with the new charting system and forecasting CDE (been working on this model for 6 months to find tune it just right)... By now hopefully you figured out my whole system is based on a new invention I call the Got Goldies Quadruple line bottom.
I'm not buying until rest of #3 is in.. if not that at #4.
Monstrous +13% day. Shallow wave (2) relative to other miners, assuming its complete. A pattern like the one I've outlined for wave 1 would add confidence. Retraces may be relatively short and shallow if this is, in fact, the start of wave (3). Note structure of wave (1) off the low last year.
As always, my notes aren't meant to indicate timing.
Covered Call Metrics:
Buy 100 shares stock at 13.68
Sell Oct 21st 14 call
Whole Package: 12.36 db
Max Profit: $164 (if called away at $14)
ROC: 13.3%
Alternative:
Sell Oct 21st 12 put
Probability of Profit: 71%
Max Profit: $70 (if filled at the mid price)
Max Loss: $1140 (if you do nothing and stock goes to $0 by expiration)
Notes: The short put play would be...
I have recently published a series of bullish articles about-XME.
CDE-is one of the components of-XME. The strength of this chart speaks for itself -
It is one of the metals stocks which is contributing to the strength in-XME.
XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis...
Options are paying pretty good, Waiting for a stretch with stocks resuming sell.
After that probably some consolidation + continuation for metals market, this stage would confirm a bull cycle.
CDE bottom in Nov 2008. Since then it has been in Stan Weinstein's stage 1 for almost 4.5 years.
And a big spike just happen!
I am open for another plunge to average things
Lets see
This mining stock has the potential to have double bottom. After breaking the long term resistance line, the price was bound by a new mid term downtrend resistance line.
Yesterday it closed as a doji at this support level. One tick above the high of the Doji would trigger my long position.
My two favorite lagging indicators RSI & MACD are showing bullish...
