$WPM can rise in the next daysContextual immersion trading strategy idea.
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $41,00;
stop-loss — $40,50.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Thanks for being with me!
Mining
XAUUSD GOLD Long Term OutlookFirstly, If you like my analysis, please leave me a " like "
It is forming cup at the moment. And if it will pull back will be forming "cup with handle"
Of course there are several options that the price may follow such as, it may form only "cup", or may do a fake breakout pull back and continue. I will try to explain how i see the movement.
The price started to stall or will on $1793. and pull back is expected to 0.38 or 0.5 of Fibonacci level. For its healthy, I would expect a pull back till around $1400. Target Price will be around $2275.
If the price decides to rise up till pivot, the pull back is expected till around $1500 and target will be $2500.
As a results, technic may say too many targets and may give different outlooks. I am not advising you buy or sell, just share my how i look might help you.
Asanko Gold $AKGAfter brokeout, pulled back to pivot support and holding above so far. Pull back may continue align with the GOLD price.
SCAM idea from borker??Apparently I received a call from a broker today who insited on me buying this CDE stock at 3.48 USD (price they expect to get during today's session).
This company is supposed to have just signed an important contract that will make the price go to 5 or even 6 USD within 3 months. Maximum loss they expect is 15%.
Apparently more than 30 analysts from this company agreed that the stock can only go up. No doubts.
The whole thing sounded so much like The Wolf of Wall Street movie so I just decided to listen to what he had to say for fun. I would never put money over the phone under these circumstances so I decided to test his idea here instead.
Profit 1 at 5.00 USD
Profit 2 at 6.00 USD
Stop Loss at 2.95
Deadline: 3 months
Let's see how bad of a scam it was!
XBTUSD 1D KRAKEN Halving and Miner capitulationAre miners going to sell off to subsidy future mining operations while the price is still above the production costs, or are they going to hodl?
How long can the price be supressed under the production costs in order to take out competition in the face of smaller miners
a not so bright look on the bright side of the Halving as a pure mining event
BUBBLES ARE IRRATIONAL!TOTAL ABOVE-GROUND INVESTABLE PHYSICAL GOLD: 6B ozs.
TOTAL ABOVE-GROUND INVESTABLE PHYSICAL SILVER: 3.5B ozs.
CHINESE CITIZENS ARE SELLING THEIR SILVER FOR LIQUIDITY, ONCE GLOBAL STAGFLATION EMERGES THIS PROCESS WILL REVERSE IN INCOMPREHENSIBLE WAYS!
AN INDUSTRIAL RECESSION WOULD PUT MUCH MORE PRESSURE ON SILVER PRODUCTION THAN SILVER DEMAND!
BITCOIN | A Possible Short-term Reversal Area!Hi followers,
Recently, I have been pretty quiet because there is just no reason to make an update, everything worked as planned. My bias was correct and now the Bitcoin price has reached to my multiple-times-pointed-target-area: an area where it is nice to close your shorts with profit and for those who are short-, mid-, long-term bullish it is a great area to buy it. As you know, I'm more a short-term trader, then this idea finds a target around $9,600 - $9,800.
The area consists of several criteria and all they should act as support levels:
1) Fibonacci retracement 2x38% and 62%, pulled from different bottoms.
2) Fibonacci Extensions
3) Channel projection
4) 2x AB=CD
5) The round number $9,000
6) Daily EMA100
7) Historically, the strong horizontal area around $9k
8) Handle formation on the Cup&Handle chart pattern (look it up from related ideas)
9) As always, wait for bullish patterns from the marked green area, it should increase your success rate - candlestick patterns, shorter timeframe bullish chart patterns and etc.
The mentioned Cup&Handle:
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Regards,
Vaido