Really like MUX here
IMO, MUX chart looking very bullish
stockcharts.com/h-sc/ui?s=mux&p=D&yr=0&mn=7&dy=15&id=p84927846813&a=299281167&listNum=61
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While I’m not crazy about the Author, generally hes pretty sharp…GL
https://seekingalpha.com/article/4300444-mcewen-mining-digging-q3-results?li_source=LI&li_medium=liftigniter-widget
Mr. Dart says ” I continue to see the stock as an Avoid, and believe it is a sell at $1.85 or higher. If gold can head over $1,600/oz, McEwen Mining may be able to find its footing above the $2.00 level, but I rate the stock as an Underperform in the sector.”
The chart is saying that MUX broke up out of a falling wedge and now trading above all the moving averages and looks poised to test the recent high at $2.14. I am long MUX.
Being objective Sir Kauai
It looks like a perfect H and S top at the moment
But if Gold is done correcting all of these H and S tops will fail.
Fully, Not sure how to post an annotated chart or any chart from stockcharts since they changed their format. Help, If you would, could you post that annotated chart showing the head and shoulders pattern. And is there a larger inverse head and shoulders pattern in play on the weekly?
Never sure if these are HIT PIECES (short) or legitimate concerns…everything should be taken with a grain of salt while reading ALPHA…I’m watching MUX as well…DYDD…GL