Much upside for this 100k oz mining firm100k oz gold would be valued at 200 million revenue assuming aics of 50%.
MUX trade ideas
MUX ContinuationBeen keeping my eye on this junior miner. Recently broke out and is keeping pace with the silver rally.
Considering the RSI, I would expect it to pull back, but the crazy silver rally might carry this further before we see one. The trend in volume tells me similarly.
With the DXY bleeding, all commodities are looking enticing.
MUXIf Legacy Holds, then MUX is a must buy.
Be better cheaper. And it will be. But whats your timeframe. Post your trading timeframe and I'll post you a personal marker up view of MUX
Mux is copper mine, not yet dug, with Orders for EV multinationals for all their Copper Requirements for the foresseable.
Plus its run by a Brit.
Get Some
MUX targets raised for possible dip buys adding to long.Mux continues channel bound, some downside expected. This is a jewel in the crown, with EV contracts settled, and full governmental licenses already issued.
This is a no brainer.
They have literally sold every single bit of copper they find ( and eveyrthing else lol ) already, and they haven't even dug yet.
You ned to seriously Get Some at decent prices
with these percentages take profits as you go. add in dips. levae a 20% runner on every trade at break even, take 80% profit regularly.
Build into positions, dont go all ggung ho.
Good Luck Out THere
MUX LongWedge Breakout, Breakaway Gap
One swing Crossed SMA50/200
Volume Profile, 0.99 as support
Entry 1.11
Stop 0.98
Target 1.5
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
MUX - Mr. McEwen put some fresh money into the company, also some Sprott Money.
Many things in this company are prepared.
But Chart shows- over all the company needs more new buyers in the market.
Waiting vor break falling OBV Line.
I'm also convinced,that next year Mr. McEwen has to have success, otherwise, Sprott will take aktion:
Management or overtaking.
Regards, Dan
MUX UpdateAs noted in my previous post about McEwen Mining, the monthly resistance lines are offering us a current consolidation zone after a nice 200% bounce off of the march lows, However following recent price action as well as seeing gold pull back, reloading for a healthier move higher, has made me considerably more bullish on this name.
We now have 2 major confluences of bullish patterns on the daily time frame:
We have a beautiful cup and handle, with the handle being formed currently, trading around and between those monthly resistances
An even more evident inverse head and shoulders than noted in my previous post
Would love to see gold pullback a bit more or hold here, and see this name holding 1$ support as I would consider this a massive buy zone.
Extremely confident that this name is a potential multi-bagger should the precious metal bull run continue.
LONG MUXA pure speculative play (companies operating efficiencies aren't the best) that has a return potential of 5X+. The long term chart (going back to the 80's!) looks primed to explode if all the 30 & 10 year descending trend lines get taken out, as well as the golden cross & the inverse H & S as noted in HI_DUTENGIN's post. The fundamentals of the company are OK (fairly strong balance sheet) & with the current macro outlook as well as the precious metals space in the first inning of its bull market, as well as how underexposed global investors are to the mining industry relative to history, this name with a relatively low market cap could absolutely rip (as seen in previous PM bull markets) on the back of big money getting into the space. Wouldn't hurt to allocate >1% of portfolio to this name (essentially a call option on the miners without the decay). PURE SPECULATION, macro fundamentals will be the wind at your back and will more likely be a inflows story with money chasing miners, rather than the company becoming profitable again.
