MUX McEwen Mining INC, BATS 1D up to 28JAN19
1D Chart, McEwen Mining INC ( MUX ) by october 12, 2018, was able to break over both the 100/200 days MA signals (1), along with an ascending movement from 40 RSI over 70 RSI surfing over this last until November 12, 2018 (2), when felt and found support on 24 RSI and below both the 100/200 MA, bounced back, increased...
MUX should go down until circa april 2019 or until it trades at 90 +/-cent (whatever happens first) Yet in the long run should be trading at 10 per share
McEwen Mining- $MUX Tremendous growth prospects ahead -
The first thing I look for when investing in a company is its management and its potential both in the short term and longer horizions.
$MUX has a key advantage to other Junior miners becuase its led by Rob Mcewen the X (ceo) of Gold Corp. Rob has a wealth of industy experience and unlike most CEO's his...
Mc Ewen Mining is slowly working its way up to the 4,80 mark.
We clearly see a C/H pattern and at the same time a H/S pattern.
And a beautiful wedge with a base of 5.20! Gives a target of 7,35.
If the patterns, we see, are correct we can buy now...
or expand our positions when the price surpasses 4.80...
Above the 4.80 mark we could expect an extra upwards...
McEwen Mining bottomed earlier than many other miners. Getting a confident Elliott Wave count has been challenging. The white 1-2, (1)-(2) is still technically valid but broke below ideal support for (2). Alt blue Primary 2 can come significantly deeper, as shown. If an impulsive move forms above recent highs then that would be an early encouraging sign of...
MUX is run by the same person who founded GoldCorp GG, and he has a 25% stake in the company that bears his namesake. McEwen Mining also pays a dividend while you wait for the price of XAUUSD to rise, and that is a rarity for a junior miner. Full disclosure, I dollar-cost-averaged into this company at around $2.00/share. My feeling is that when gold breaks...
MUX seems forming a oscillating pattern, as it making a double bottom with hidden divergence in money-flow. If we bounce back from this bottom & breaks 4.8, the continuation will be up to 6.15
Strath Thinks that it will go to 7.5 over the next 6 months for its fundament strength.
You can check our detailed analysis on DNAI in the trading room/ Executive summery...
I had to update this chart because I was following MUX for a long time and my targets all have ben hit.
I was following this company after days and weeks of studying it and listening to the CEO. It has no debt and it is a gld miner. Given the environment the world is in, I think it still makes a pretty good investment and trade.
I am looking to buy in the $1...
Chart Details: MUX has been on the radar for several days now. Since I have been following MUX, approximately 06/20/16, it has been up trending. Earlier this week I had readjusted the graph and it seems like mux is following the prediction nicely.
I am watching McEwen Mining (MUX). I would like to see price move to $1.50ish before I consider it again.
If it follows my pattern and continues on the way up, then I will look to buy dips around 1.16 to 97 cents, and aim for partially out around $2 to $4, while holding the rest to $7 with re-entries.
This is a 1 year to 2 year horizon in price appreciation that...
