Due to the significant rise in gold prices, our primary scenario for Wheaton Precious Metals has been invalidated, and we've recharted the entire course for you. We now believe what we're witnessing could be a potential Wave 5 of Wave (3), meaning we're in the overarching Wave (3). This wave should reach at least 88 Canadian dollars, stretching potentially above...
The company boasts a large amount of gold and precious metal royalties in the pipe and on the go, I expect to see some solid growth and momentum here with Silver and Platinum set to see large moves. Once this gets above $55, we should start to see a significant momentum upside and call option buying.
With Gold already having broken out to new highs, it's just a matter of time before the miners and streamers do the same. Believe that we are beginning a third wave of an impulsive move higher. Should Wave 3 play out to 1.618 of wave 1, we get a measurement of $77. That coincidentally is also a target price based on a reverse head and shoulders formation. Some...
Wheaton (WPM) : NYSE:WPM
Due to growing interest in the gold market, we've decided to include a mining stock in our analysis, specifically Wheaton Precious Metals Corporation, a Canadian company that focuses primarily on gold mines. We start with the weekly chart to examine this company. It's important to note we're dealing with Canadian dollars, not to be...
Looking at the very long term of WPM, one can interpret a 5 wave picture. If so, how high can it go? Wave 5 in commodities is generally the longest wave.
Wheaton Precious Metals.
Why mess around with other miners when this behemoth offers liquidity and top-tier performance?
Oh yeah, if is also very close to a massive breakout!
#wpm #gold #silver
My view WPM will be skyrocket but the main problem is earning report. The date just around of corner. Those who are old enough in trading know that triggering entry during earning report session is very risky
Wheaton Precious Metals . Big Daddy of the silver market . As a silver bull this is one of my favorite stocks to hold and trade . Silver is the sleeper that nobody is paying attention to while chasing bitcoin . IMO silver will far exceed BTC percentage wise on the upside . Junior miners will do even better .
Timeframe: Weekly
After September's 2022 Low, the stock has experienced 65% rally which has ended end of January 2023 and followed by a healthy correction of 18%.
The correction did only give a chance for buyers to jump in, where we have seen large buy side volume, then continuous buy side interest until End of April - Start of May 2023, where sellers jumped...
WPM has now gained great bullish momentum prior to violating its pennant's resistance. the overall structure is a bearish cypher pattern at a point for an SL hunt swing.
WPM midline support has greatly shown its crucial play as it has been the bullish/bearish indicator of this long-term channel.
Any violation of the pennant within this channel can be the...
WPM is involved in all sorts of precious/rare metals.
The wedge pattern suggests bottom should be in with one more slight drop.
The upside is huge 20x
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