AEM trade ideas
AEM: Probabilité to BuyGood morning!! Here we have a probability of uptrend.We have a purchase probability . However , if the resistance line is broken thus causing a pull back we can switch to buying. Thanks! TSX:AEM
AEM DailyIn terms of technical analysis, gold and silver stocks appear to be preparing for medium-term growth.
fundamental-analysis (AEM)Agnico Eagle Mines Ltd. (AEM)
Limit buy - 57,1
Target - 60,30
Risk/Reward Ratio - 4,0
Stop-loss -56,30
Agnico Eagle Mines Gold recovery playNYSE:AEM
Long idea for Agnico Eagle Mines as price of gold recovers, albeit slower than my expectations.
Nevertheless, gold price recovery narrative is still in place and you start see some miners reverse their downtrend.
One of these is Agnico Eagle Mines.
On the daily chart, we can see bullish momentum in the positive and negative directional indicators.
2021-06-22 AGNICO EAGLE - back testBacktest of downward trendline. Price around weekly chart support
Agnico Eagle MinesChart pattern: Bull Flag
Entry: 76.70$
Stop: 54.50$
Target: ~112-150$
Risk/Reward-Ratio: > 1.5:1
Stopmanagement: Parabolic SAR weekly chart default settings
AEMDue to recent PM sell off due to the fact that Big 8 are Spoofing - this stock has a ton of downward pressure. Next target is around $52.44 by April 8th. IMHO
$AEM with a slight bearish outlook after earnings #StocksThe PEAD projected a bearish outlook for $AEM after a negative under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
AEM. Looking for Gold miners? Agnico Eagle Mines is your pick!Agnico Eagle Mines ( NYSE:AEM ) is the gold mining company that I picked as a long-term investment over many other miners such as Equinox and Barrick Gold. I picked it based on which countries have USD Swap Lines , an idea explained by Katusa Research in one of his videos on YouTube. I will explain it briefly here. A USD swap line is an open channel between the US Federal Reserve and certain central banks such that the bank can borrow USD at any time almost instantly up to a certain limit (such as $100 billion dollars). This provides the liquidity necessary for those central banks to settle their balance sheets, loans, settle large money transfers and currency conversions, and do other central-bank-y things that you can read online. In practice, what this means is that it is much cheaper and much more reliable for, say, an American gold mining company to realize earnings from its oversees mining operations if those mines were located in Canada or Mexico (USD Swap line countries) rather than if the mines were located in Turkey for example.
You can find here the list of worldwide central banks that have USD Swap Lines, or I can save you time and list them here:
Before CV-19, the US Federal Reserve had standing USD liquidity swap lines with the central banks of the following countries with a ceiling of $100 billion each:
Canada.
England.
Japan.
European Union.
Switzerland.
And on March 20, 2020, the Federal Reserve extended this arrangement to nine more central banks:
$60 billion for each of:
Singapore.
Australia.
Brazil.
Denmark.
South Korea.
Mexico.
and $30 billion to each of:
New Zealand.
Norway.
Sweden.
As it happens, Agnico Eagle Mines has almost all of its revenue coming from mines located in USD Swap Line countries as opposed to Barrick gold which relies on mines located in Argentina, Chile, Cote d’Ivoire, the Congo, Peru, Saudi Arabia, Tanzania, and other similarly Non-USD-swap-line countries. That alone puts me at more ease of mind as an investor. And I recommend that you weigh in this element in all other kinds of investments.
That's it for fundamental analysis. From the technical analysis side, AEM has been struggling with the ascending trend line. I believe this will be long-time support once we settle above it. I see two paths for price which I determined by two things:
1. The long curve which you can see in the following chart:
2. The Linear time cycle of 272 days, which nicely aligned many momentum shifts. We can use as an approximate indicator next to other clues later when we're approaching the next time zone and are looking for signs of reversal or momentum.
The rest is in the chart. I drew two paths and I expect the lowest point to be the support at $55.60. I am more confident in the higher price path that takes us to $175 by April 2022.
Conclusion : This is a long-term investment for those that chose to invest in gold miners. I believe AEM is a solid pick and is set for growth.
Bullish continuationThe consolidation phase (with declining volume) will end soon IMO, I expect a continuation.
AEM - EW analysis - bull case AEM - It is correcting within 2nd subwave which may go down slight more to complete the 2nd subwave of further impulse up. Stay bullish near 67 level with stop level below 62.30 for target above 80 as 3rd wave or 92 as the final sequence up.
Give thumbs up if you really like the trade idea.
$AEM Posted negative earnings with neutral outlook.$AEM posted lower than expected earnings with the PEAD projection a neutral outlook for the stock as price is currently trading close to the upper boundary.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Call options play on AEM (precious metals miner)I am buying the October 16 $80 calls at $2.35.
finance.yahoo.com
"Sell calls if price hits 81.60" is my target. I'll post profit or loss (%) by or before October 16 options expiration.
016. PIGGISH PLAY - Long Agnico Eagle Mines (AEM)Gold mining stocks are set to pop sometime this week or next. AEM is, in my not-so-humble opinion, the best of the bunch when you compare top and bottom lines.
However, the only bottom line that matters is that this stock is in the middle of its cubed-third wave on the daily timeframe, and in the middle of its quartic-third wave on the weekly timeframe.
Basically, AEM's current price trend is the solution to the movie Inception, which is why I am going to long it either tomorrow afternoon or Thursday morning, depending on how the market shapes its weekly close.
Add to this very-transparent-third-wave-trend a mighty tailwind known as the FED minutes, and we have ourselves a winning trade.
- Perma_Eagle
NYSE:AEM
TVC:GOLD
FX_IDC:XAUUSD
$AEM bullish breakout on daily$AEM has been trading inside a parallel channel since Aug
Yesterday we had a breakout on more than 3X 20MA volAvg
MACD has crossed up , price trades above all major MAs
Potential target around 90+
Good luck,
TA
AEM Looking to add back some gold namesLike AEM if it can hold above the box. Will consider a pull back long entry from lower targets below box.
Potential for massive move if it breaks ATH.
Cup and HandleThis was seen on the monthly chart
Gold is booming. I am hoping for a pull back tomorrow
Stop under mid cup level which is 54.60 or under handle low.
Not a recommendation
