Trade Idea - AEM
Sunday, September 09, 2007
AGNICO EAGLE MINES shares have broken over this week an important resistance of $46, followed by a strong volume in bad week for overall stocks. AEM stock is now in a breakout mode without resistances above. Thechnically chart looks Bullish, with both 50 dma 200 dma going up and MACD on top of 0. In addiction with K line back above D line we should see the stock continue to go up. It's possible a pull back to the breakout are, however it will be only a small profit taking, juts my opinion.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.