AEM
🏆 Profits were taken in Nico Eagle Mines after the stock reached a key target zone derived from a technical mast-and-flag pattern.
📉 The decision to sell the remaining position was supported by multiple technical indicators signaling potential weakness: RSI turning down from overbought, MACD losing momentum, and a Concorde sell signal.
💰 The trade locked in approximately 20% gains in dollars from the initial purchase, justifying the decision to secure profits rather than holding for potentially diminishing returns.
@ClaveBursatilTV:
“The other one where we took profits is a gold miner, Nico Eagle, where we had already exited to take profits in this zone, which was the target of a mast-and-flag pattern. This I have already shown in some videos, it was already close, so here we sold half, took 50% profit. And then, in this rebound off the 21-day moving average, on this green candle, we exited to take profit on the rest. Why? Well, we could have stayed long, yes, we could have stayed long. We saw that perhaps gold might correct, on one hand. On the other hand, we had the RSI, which when it’s in overbought territory and dips back below, that’s the sell signal. In fact, here you see a red line, which is the sell signal. We had a MACD that was starting to weaken too, and in fact, if it continues this trend, it will be giving a sell signal next week. And, uh, a Concorde that also gave us a sell signal, right? So, since we already had almost 20% profit since we bought it, in dollars, this whole upward swing… well, enough, right? Clear the cash and move on. So these two are the ones we’ve sold.”
Watch the exact part of the video where @ClaveBursatilTV talks about Agnico Eagle Mines here:
Watch the video on YouTube
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