1MUX trade ideas
Pattern breakout on MUX Simple.
Falling wedge breakout and break up of 12 year old S/R line.
Chart tends to move impulsively to the upside upon breaking up the 1.04 horizontal level as done in 2008 and late 2015.
Target of 1.85 derived from falling wedge pattern
MUX - apparently mining stocks are ok tooThe pink line is pink because she is important like all women in your life.
Also it needs to break to the upside
MUX has potentialIt is right at previous resistance of 1.04 currently. It will need to bust through two walls. Previous resistance of 1.04, most important, and the FIB line at 1.10. It could run up then to 1.31. Watching it today to see how it reacts to those two resistance lines.
McEwen Mining, Inc. is a mining and minerals production and exploration company, which focuses on base metals in Argentina, Mexico and the United States. It operates through the following geographical segments: Mexico, MSC, Nevada, Los Azules, Canada and Other. The company was founded on July 24, 1979 and is headquartered in Toronto, Canada.
$MUX MCEwen Mining Breakout Potential
Possible breakout long above $1.10
McEwen Mining, Inc. is a mining and minerals production and exploration company, which focuses on base metals in Argentina, Mexico and the United States. It operates through the following geographical segments: Mexico, MSC, Nevada, Los Azules, Canada and Other. The company was founded on July 24, 1979 and is headquartered in Toronto, Canada
As good an entry as I have seen in awhile in JuniorsI'm loving MUX, sure I know I know, it's a Junior. I like the story, I like Rob McEwen, he has been buying, has a huge stake in this and a good historical track record. A few red herring hiccups might discourage some. Fundamentals should see this stock double this year.
MUXI am emotionally invested in MUX based on its history of cheaper acquisitions of equipment during hard times. That could be a bad thing. Or, it could be a contrarian super move...
$MUX Rounded bottom, looking for a bounce soon.Nice rounded bottom on this one, small gap to fill above as well.
Surf within the current channel or breakout form it? Will we breakout from this current channel or fail to do so?
If this fails, expect this stock to just move within the current channel.
I also show why 1.35 is the actual next resistance, should we break from this channel.
Return to Normality? :) Next resistance at 1.35 USDBroke the resistance and Trend line. Potential upside :) Next resistance at 1.35 USD.
Descending Wedge FTW35% Downside, 150+ % Upside.
The Gold Bull is starting; might test 1.50s or a bit lower, but anticipate this to move quick once it does; could see this being a 5 bagger over the next 10-years.
