CDE distribution phase Looks to be in a distribution phase at the moment and just had huge selling volume on Friday might look good to take a short position if I see it break below all these support levels. gna be watching for a breakout though
CDM1 trade ideas
SILVER TECHNICAL SETUP - LONGWith substantial weakness in the dollar, precious metals and the USD currency index have a strong inverse correlation.
Silver has broken out from a bullish falling wedge pattern, which it has back tested and then broken out of the back test. We can also see bullish divergence for the MACd technical indicator on the 8H for Silver spot too.
The attached chart shows a bullish wedge patter having being broken out of, we will look for a close above the purple line to confirm a breakout and enter a long position.
Keep in mind the whipsaw effect we always see due to earnings, exercise caution.
#CoeurMining - #Tenbagger Potential #Coeur #Silber #XAGUSDWyckoff defined three market laws:
1. the market is determined by supply and demand.
2. prices are the result of the considerations of market participants (bulls as well as bears) and therefore never random.
3. changes in volume and price, allow for predictions of shifts in supply and demand.
Wyckoff's trading method:
1. determine the current market situation and the respective trend
2. look for stocks with relative strength compared to the overall market (bull market) and vice versa.
3. look for stocks that are in the accumulation phase. Are there any chart patterns that indicate this?
4. how does the stock behave in case of resistance/support and how is the price/volume change
5. determine the time of entry and set StopLoss
To Coeur Mining in Q.1 2020:
85,635 ounces of gold, 2.7 million ounces of silver, 3.2 million ounces of zinc and 2.4 million ounces of lead in Q.1 2020 are mainly produced in the USA (58%), Mexico (36%) and Canada (6%). The main revenues are from the Palmarejo, Rochester, Kensington, Wharf, Silvertip and San Bartolomé mines.
The main investments for further development are made in the Palmarejo, Kensington, Sterling, Silvertip, Rochester & Greenfield mines.
Greetings from Hannover, Lower Saxony
Stefan Bode
Where are Coeur Mining's magnets? $CDE $SLV #SilverCoeur Mining looking to back test important trend shift line. Looking at an important higher up descending trend line, I see where my monthly defined magnets reside. So, again in a weight of evidence precious metals bull era, looking at upwards targets, even amidst fear. A monthly close above 8$ starts the waterfall up! #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $dxy $vix
6.78 looks to be a good entry point here!Great pull-back, looking to take a position at 6.78. Don't think we'll touch that bottom again at the fib retrace line @ $6.50 unless gold breaks support at 1848.49, which puts the next stop closer to 1798, and then we'll have to take another look here. I'm guessing this slide touches down nearer 1855 which should be a great long entry point for the next run with a SL below 1845. Just my opinion. Good luck!
Coeur Mining (CDE) poised for surge
Coeur Mining Inc (CDE), mines, develops and produces gold, silver, zinc and lead properties. Founded in 1928, Coeur has acquired mines in the U.S, Mexico, Bolivia, Chile, Argentina, Australia and New Zealand. Current market cap: $2.1B
Currently trading at 83% below fair value
Earnings are forecast to grow 46% per year
7 Day return 10.7%
1 Year return 56.5%
Insiders have bought more shares than they have sold over the past 6 months.
Although Coeur Mining (CDE) is currently unprofitable, it has reduced losses over the past 5 years at a rate of 41% per year. Over the past 4 weeks, Coeur Mining’s stock price has surged over 60% due to strong investor interest.
$CDE Potential Long Term Investment $CDE is the world's 9th largest silver producer and is breaking a Long Term downtrend from the 2000s with a potential target of around $50
With a beautiful back test to the tread line after breaking out, this along with other silver commodity stocks should be looking very positive
I think either this or $AGQ or $SLV or frankly any silver/gold stocks can be good hedges to hold in your long term investment account.
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
CDE Aroon Indicator entered an Uptrend on July 28, 2020Over the last three days, I have detected that CDE's AroonUp green line is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 218 similar cases, 188 of which were successful. Based on this data, the odds of success are 86%.
