02-25 CDE (by got Goldies)When you look at CDE you just know something is wrong.
What is sad is CDE hits the bottom in July.. And that is when Silver is suppose to be $24?
CDM1 trade ideas
Alternate 5 year CDE chartI 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.
My 10 year CDE forecast (by Got Goldies)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.
CDE - 2hrMonstrous +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.
TRADE IDEA: CDE COVERED CALL/NAKED SHORT PUTCovered 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 either a naked premium selling play or a precursor to initiating a covered call. For the former, look to roll down and out for duration and credit when the price of the short put equals 2x what you received in credit; otherwise, leave the option alone and look to take off in profit at 50% max or above. For the latter, take the assignment at 12 or roll the put down and out for duration and credit to shoot for assignment at a more favorable price. Given the underlying's trajectory and the amount of "air below", I'd probably opt for just selling the short put here. A lot of miners are looking somewhat weak here ... .
XME Components Analysis Number 1: CDE (Coeur Mining)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 at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap.
I believe by showing you some of the individual components of-XME you will understand why I am very bullish towards the upward move in-XME.
Don.
AU - AUMN - CDE / Miners playing upsideOptions 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, the only time i use volume indicatorCDE 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
CDE Coer D'Alene rally to $6Positive MACD divergence, bullish engulfing bar, Renko printing a green brick
3-9 MA crossing positive.
Doji at Sensitive areaThis 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 divergence.
First profit target at 7.3 which is the support turn resistance level.
If MACD can pierce through 0 while RSI move above 50, high chance this will kick start the long term uptrend in this mining stock
