AEM - Wave 5?Finishing off a triangle for 4 and heading into wave 5? must break above $59-$60 in short term
AEM trade ideas
Bearish Gartley on Weekly...1st Target 38.2%, 50.53 is done...now on to the 61.8%, 44.62 or do we stop at the 50% , 47.58
AGNICO EAGLE MINES LIMITEDLong term the trend is bullish.
I am looking at that formation.
Sell short term and buy long term
Agnico Eagle Mines Ltd (AEM) gold diggers running out of breathAgnico Eagle Mines Limited is active as a mining company in gold production, operating gold mines in North and South America as well as in Europe. The company, with its headquarters in Toronto, is traded on the NYSE with the acronym AEM, and has recorded significant price declines in the last 6 months. In this analysis, we explore the possibility of further falling prices.
In the daily chart shown, we see a big downward trend. Since mid-December, the prices have recovered once again, and have pushed through the MA200 line in the last few days. It now remains to be seen whether the prices can remain above the MA or whether short signals will form in the subordinate hourly chart. As long as the high at 53 USD is not clearly broken, the stock is in a downward trend.
In any case, with this stock, one should take the gold market into account. Since AEM operates gold mines, before making an entry into the stock, it is essential to consider the gold price. The price development is very similar to the chart image of our stock. When we observe the gold price more closely, it is apparent that a small upward trend has formed in the last few days. Only when this turns around, do the probabilities for our short scenario in the AEM become even higher.
Aginico eagle mines (AEM) ,looks up in the futureAs we know the gold price in general was artificially discounted is not real, to make it more accessible as an opportunity to buy ( For large international investors ) , it is logical to think the main general perpective indicators of a change in trend will be the mining companies area (gold ), is not clear the when?, bus is clear the : The turbulence it will attract yes, ( High volatility will by)
Aem price gold mine.. following gold. Could see short term pullback before a surprise jump in price following gold. this is a Canadian miner like TAHO.
Recent Bottom Triangle failed but regained momentumA few weeks ago we detected a bottom triangle which technically failed but it looks now the picture is more bullish than bearish. 17 Buy signals and only 7 sell signals. Make your decision. There is a good chance this could easily hit $42 sometime in this year. Go www.2waytrading.com
AEM(Daily). Potential Bat, Gartley at R-Zone.AEM cleared 50-200 sma, breaking out of resistance, Range Clones.
Currently at 2012 DownTrend_Line.
Potential Bat and Gartley confluence, at D, 5th Wave, 200 sma Weekly.
AEMLooks like a Crab. I started from the gap as I deem it important, but I don't think it's an ideal place to start from. Kinda two ideas fighting here: 1) a gap is an "important" area and a measurement could be started from there and 2) a measurement should start from a pivot. This gap does not provide a pivot.
AEM - Retest and FailThe volume has been increasing on the bearish move lower. EMA’s are headed bearish steadily following this move lower. The SMA’s gave a bearish cross recently. Stochastics are giving a sell, RSI is headed lower and MACD is giving a sell. The BB have been broken bearish and ADX is headed higher from being sideways. Yesterday there was a bearish retest gap with the stock headed back bullish and testing resistance, failing and finishing the day strong bearish. The 15 minute ADX is somewhat high so I would expect some sort of pullback for at least part of the day which presents a decent selling opportunity.
Swing trigger is $22.76
Stop is $26.33
Target is $15.40
Mining For Gold Miners, Agnico Eagle Mines Ltd (USA)(NYSE:AEM)The precious metals have come under some decent selling pressure, as GOLD is trading around $1275/oz. Following suit are the gold miners and Agnico Eagle Mines Ltd (USA)(NYSE:AEM) is no exception, as it is down nearly 4.5%. This weakness has peaked my interest as a pro trader and will be looking for a good entry point, for a long side trade. On the chart below Agnico Eagle Mines Ltd (USA)(NYSE:AEM) is currently holding an up sloping trendline. Should this trendline fail as support then this stock is headed straight for $35.30 and then the very attractive buy level of $33.25. Keep this stock on your radar and use those two levels I have given you to make easy money!
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