AGNICO EAGLE MINES LTD Stock Code AEM.NYS
Price broke above the cloud on 31 April 2021 and during a correction price, managed to stay above the cloud keeping the uptrend intact. In the previous trading session, price broke above a recent high at $68.81, creating an Ichimoku V-shaped breakout with a price projection target at $73.23. Conversion line and Base line had a bullish crossover earlier and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is bullish and both of its lines are rising, hinting of a bullish price trend ahead. Price could be heading towards the previous high at $73.50.
$73.50 Price Target
$66.90 Risk Management Stop
3 weeks Trade Duration