As 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.
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.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.