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Taking Profit on AEM and going to stand aside for a few days…
We had a nice purchase price at $45.20 when the Wyckoff Tools gave us a low risk entry. The Technometer has now returned to overbought levels near 50 on AEM as well as GDX. We think risk is now much higher on this position, so we are going to sell at the market and watch this one on the next pullback. Current Price $49.00.
Taking Profit on AEM and going to stand aside for a few days…
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We want to purchase our first unit of Agnico Eagle Mines, (AEM, $45.20) at the market
We have mentioned on an earlier post we are starting to like the mining stocks, and we believe today is a good day to start nibbling. You can see on the most recent correction the stock as experience a sharp correction, while the Force Index is holding at higher levels and the Technometer is rallying out of an oversold level. We think these stocks might spend some time down here before rallying strongly, but we …
We want to purchase our first unit of Agnico Eagle Mines, (AEM, $45.20) at the market
To access this content, you must signup for a Pro Traders Membership or Wyckoff Elite Membership, or if you already have a Pro Traders Membership or Wyckoff Elite Membership you can log in here.
We are looking to purchase some of the mining stocks on this pullback.
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