AEM Agnico Eagle Mines Daily Chart Positive Divergence

Beautiful positive divergence in place now making AEM a very attractive long play. Price should launch any time. AEM had headaches with a gold mine in Canada a couple months ago so perhaps those headaches are working their way out finally.

AEM was one of very few gold charts that Keystone liked a couple months ago but unfortunately, AEM did take a stumble from the 40 gap down to the current 35-ish. Thus, if Keystone liked it at 40 he must love it at 35.  AEM has been beaten hard and has based.  The chart is very attractive for upside moving forward for weeks to come. Weekly chart has a beautiful falling wedge with postive divergence as well reinforcing that a bottom is now in place and a bounce is at the door step. AEM is a winner.  Projection is sideways to sideways up for the foreseeable future. First stop higher will be to fill the gap at 40. The 20 MA turning up thru the 50 MA will also tell you that it is all systems go. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.