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 to $2.5 range as per the chart. The parabolic move up has gone too far too fast. It is not a blow off top. I do I believe the price of MUX will rise to $6 to $9.
This is not a day trade, but something I plan to hold for several months to years if it hits my buy order in the $1 and $2 zones.
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 to $2.5 range as per the chart. The parabolic move up has gone too far too fast. It is not a blow off top. I do I believe the price of MUX will rise to $6 to $9.
This is not a day trade, but something I plan to hold for several months to years if it hits my buy order in the $1 and $2 zones.
Note
Same plan; no change!McEwen Mining's stock looks better than last week. Miners are the place to be in this market over the coming months.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.