Looks like an excellent cup and handle formation waiting on a move towards the brim of the cup. I am long at 6.45. Target is $10, then lets see how it consolidates if it reaches there and re-evaluate.
Mcewen Mining looking interesting here . Im taking an initial small position . I like the trend line break after long down trend . They also own shares in some of my favorite mining stocks .
If Legacy Holds, then MUX is a must buy.
Be better cheaper. And it will be. But whats your timeframe. Post your trading timeframe and I'll post you a personal marker up view of MUX
Mux is copper mine, not yet dug, with Orders for EV multinationals for all their Copper Requirements for the foresseable.
Plus its run by a Brit.
Get Some
Mux continues channel bound, some downside expected. This is a jewel in the crown, with EV contracts settled, and full governmental licenses already issued.
This is a no brainer.
They have literally sold every single bit of copper they find ( and eveyrthing else lol ) already, and they haven't even dug yet.
You ned to seriously Get Some at decent prices
with...
We just hit a major support for this stock, so I am starting to build a position. I'll take out half at the next resistance and hold the rest in case we break resistance and see an explosion in price.
Wedge Breakout, Breakaway Gap
One swing Crossed SMA50/200
Volume Profile, 0.99 as support
Entry 1.11
Stop 0.98
Target 1.5
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Be careful, multiple entries selected so hope you have a strong risk management strategy.
This idea is based on my technical analysis only.
Do your research and trade on your own risk!
Mr. McEwen put some fresh money into the company, also some Sprott Money.
Many things in this company are prepared.
But Chart shows- over all the company needs more new buyers in the market.
Waiting vor break falling OBV Line.
I'm also convinced,that next year Mr. McEwen has to have success, otherwise, Sprott will take aktion:
Management or overtaking.
Regards, Dan
