TheMarketSource
Long

$AEM Daily Update

BATS:AEM   AGNICO EAGLE MINES LTD
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This is an update from the previous AEM chart found here (https://www.tradingview.com/v/2RDlBy3a/).

See chart notes for details.

Comments

This has turned out quite well. Nov. 2 took the stock down 6%, however there were a couple days of staying in target price range providing opportunities to trim. Nothing says sell outright, but strength has waned a bit on this one. Solid outcome. Take wins where we get them.
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Good example of sticking with the trade without getting to impatient for it to tag it's first target. RSI is a bit weaker than I'd like which is why I trimmed some into the pop today. Price action still pointing higher, so sticking with the remainder of the position. Stop at 52.80 and will trail up into further strength.
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