GOLD STOCK: FISHING ON THE BOTTOM

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We are looking for trading ideas by fishing on the bottom and…

in this case here is a gold stock like MUX
It is a stock with a glorious past but certainly not one of the most popular companies on the market
The charts suggest that when it breaks up the move is always violent and short but very vertical. It is breaking to the upside and – as you see from looking at the past – we may see the same type of upside again
Today it is up sharply with high volumes
A speculative idea but with great potential at these prices

HEREBY YOU WILL FIND THE LAST PRESENTATION (NOVEMBER 2020)

mcewen_presentation

 

WEEKLY CHART – CUP & HANDLE  PATTERN WITH POTENTIAL TARGET AT 2,15$ FIRST AND 2,60% THEN

MONTHLY CHART – THE BREAKOUT COULD BE HUGE

ANOTHER MONTHLY CHART

 

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