WPM trade ideas
WPM - Ready Once AgainWPM
ENTRY = Break above 42/Test at 38
1st target = 50
HODL Target = 57+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
WPM compounded growthSeems WPM has around 18% annual compounded growth. Unless the data is not accurate.
WPM Buy-WriteWith interest rates near zero, it's still easy to build a portfolio of buy-writes with killer gains for the year. Analysts are calling for 55-65 price range on Wheaton this year. Selling a $50 call against it for a cost of 37.50 clears 30% on the year if prices move to 50 or better. As part of my diversified portfolio, I added this play for 2021.
WPM investment ideaWheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other.
The company's financials is excellent, both in terms of cash flow growth and growth in margins.
Technically, it is an excellent daily point. I see 2 points for the entry, now and from 38.61. It is possible with short stops and reenters below,or average the position with the right risk. Cancellation of the scenario - if the price goes below 36.76.
Targets - the first target is 45.87, will see the reaction.
The second main target is 50.60.
The investment is for 1-2 months.
Operations in financial markets can bring both large potential profits and are associated with potential risks associated, among other things, with the effect of leverage and high volatility of instruments used in trading in financial markets.
The provided forecast is a subjective analytical assessment of the situation in the financial market and in no way is it a recommendation for opening deals, investing and developing your own trading strategy.
Time for Wheaties Precious Metals1D selling momentum decreasing.
On POC from the Corona Nuke
2D bull div forming.
Silver looking ready for a move.
Send it.
March 2021 $50-$55 calls on the menu.
Stairway to Heaven?If, the silver move is structural, then this is possibly the beginning of a parabolic move in silver stocks. Pretty impressive move thus far, but it is likely to continue on its journey given the
Macro environment. I would be watchful below the green line.
Wheaton Precious Metal $WPM "cup w handle"Needs to get above $47.61 for a new uptrend. watch for a breakout wiht high volume
WPM Wheaton Precious Metals - Long Set-upWPM Wheaton Precious Metals
ENTRY = 618 Support/36-40
HODL Target = 47+
Daily Engulfing Candle, Stoch, Macd, ttmsqueeze & momo set-up
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Swing Trading Stocks Trade ManagementThis is a Long Swing Trade I have open using the Elliott Wave Indicator from W5T on the TradingView Platform.
The setup and entry for this 5th wave trade was text book in that:
1. The Elliott Wave Oscillator pulled back between 90% and 140% during the 4th wave profit taking pullback
2. The False break out stochastic crossed over in the over sold zone during the 4th wave profit taking pull back against the yellow false breakout bar in the over bought zone during the 3rd wave.
3. The Wave 4 profit taking pullback found support in the amber zone of our automated pullback zones, which represents an 80% probability of our automated 5th wave target zone (in blue on the chart) being reached.
4. The Risk to Reward was over our minimum required 1:1.6 - This include sensible entry and stop loss strategy - This can be seen on the chart.
To manage this trade is pretty straight forward:
The point of control for us is the price closing above the 50% Reward line (cyan on the fib extension on the chart). Then we move our stop just above the entry to make the trade "Risk Free"
Then we Trailing the Stop "Two Candle Behind". So as Yesterday's candle closed above the 100% profit line (yellow fib extension on chart), I adjusted the stop just below the low of the 2nd candle back. In this case locking in 50% profit x Risk. So if you Risked $10,000 on this trade, you would have $5000 profit locked in!
We are at a critical point in this current trend as we will be testing the previous wave 3 high and in some market conditions, this is too much and the price turns back down and corrects. This is why we lock in profit. However we have an 80% probability of the price pushing through and reaching our 5th wave target zone and will continue to manage this trade with our "2 candles behind" trade management strategy into the 5th wave target zone, if the price breaks through the previous wave 3 high!
WHEATON PRECIOUS METALS CORP is to buy DailyHey guys, WHEATON PRECIOUS METALS CORP is in a bullish push, it is plausible that we will look for the previous top, see the one above if buyers are determined on their prices.
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BUY WPM NOWTime to buy WPM at current price and below. Average into positions in case of short term weakness. MACD indicators are very bullish and trends in metal prices are very favorable and expect them to continue after short term consolidations through the summer. RSI is mostly neutral but plenty of upside left.
WPW STOCK More chance to up in price the next level of WPW stocks price is 64 CAD
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