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Pan American Silver (PAAS) AnalysisStrategic Portfolio Optimization: Pan American Silver NYSE:PAAS , a prominent global precious metal mining company, is bolstering its market position through strategic initiatives. Recently, PAAS agreed to sell its Lucita property to Defiance Silver and its La Arena gold property in Peru to Jinteng Mining for $245 million upfront, plus contingent payments. These moves align with PAAS's strategy to optimize its portfolio and strengthen its financial position. Leadership Insight: CEO Michael Steinmann highlighted the strategic benefits, stating, "With the sale of La Arena, we continue to optimize our portfolio while retaining future upside through royalties." Investment Outlook: Bullish Outlook: We are bullish on PAAS above the $16.50-$17.00 range. Upside Potential: With a target set at $28.00-$30.00, investors should consider PAAS's enhanced financial outlook and strategic portfolio optimization as key drivers for potential stock appreciation. 📊⚒️ Stay informed about Pan American Silver for promising investment opportunities! #PAAS #PreciousMetals 📈🔍
NYSE:PAASLong
by Richtv_official
Amazon (AMZN): Preparing for a CorrectionWe need to zoom out significantly to get a clearer picture of Amazon. The stock has been in a maximal zone between $177 and $214. For the past three months, it has been ranging between $177 and $188, at the top of Wave B. Current Situation: Elliott Wave Analysis: We believe a substantial drop is necessary to complete the overarching Wave (2). The parallel trend channel that was broken with the completion of Wave 5 should be revisited to finalize Wave (2). This would be a textbook Elliott Wave behavior - breakout of a trend channel to complete the wave 5 as a fakeout and a deeper correction to flush some participants out of the market and into slight panic mode. Target Range: We are targeting a range between $131 and $103 as a likely zone for this correction to end. Ranging Behavior: Amazon has been ranging for three months, indicating consolidation before a potential move. Strategy: Observation Mode: We are currently observing the stock for signs of weakness. Limit Order: A limit order will be considered if the stock begins to show significant downside momentum. If and when we decide to place a limit order, we will issue a detailed market report. Amazon's current range suggests consolidation, but we expect a deeper correction to complete Wave (2) rather than a breakout to the upside. We are monitoring for signs of weakness and will place a limit order if conditions are met. For now, there is no immediate need to place an order. Further updates will be provided as the situation evolves.
NASDAQ:AMZN
by freeguy_by_wmc
4
Apple (AAPL): Bullish Breakout and What to Expect NextApple has broken out above the range between $198 and $165, currently trading around $210. This breakout is seen as very bullish, indicating that we can discard our alternative scenarios. We are confident that Wave (4) completed at $123 and we are now in the larger Wave (5). Current Situation: Elliott Wave Analysis: We believe that the initial super sub-wave ((i)) of the larger Wave (5) needs to correct after the strong rise since mid-April. Correction Levels: We expect a potential pullback to the $185 to $165 range. Whether it will reach as low as $165 remains uncertain. Confluences: RSI: The RSI is overbought but without a bearish divergence, indicating continued bullish momentum with a "normal" pullback. Volume: Support should hold around $175, providing a potential entry point during the correction. Strategy: No Immediate Orders: We are not placing any limit orders yet. Market Report: If we decide to place a limit order, we will issue a market report to inform our group. The outlook for Apple remains bullish. We anticipate a correction within the $185 to $165 range, with strong support around $175. We will monitor the situation closely and communicate any order placements through a market report.
NASDAQ:AAPLLong
by freeguy_by_wmc
AUDCAD Sell/ShortAUDCAD looks like a good signal from here that has bounced off resistance, came back a bit, and seems to not be a strong higher low for AUDCAD. Our analysts and myself am calling a sell short here due to the fact this pair has repeated multiple patterns in the same way in the last few months and as well it has the best risk/reward ratio I have seen so worth the bet to make. Please follow the entry, SL, and TP. Please make sure to follow our page for more daily signals!
Short
by KingTraderFX
1
BTC LEVELS FOR LONG Currently, we received a reaction from the daily level, which was at 65k, and the price is holding for now. If at some point we see that the correction continues, the FVG located from 63k-64.5 is an excellent longa zone. Of course, we always have to be ready for both cases, below there are strong levels of 60-61k. Only below that is the possibility for 50k. Better to go step by step and follow the changes FVG BTC-a se takodje poklapa sa daily fvg na total marketu.
Long
by learnfromfailure
HDFC BANK RE-ENTRY LEVELS FOR SWING TRADING 18/06/2024STOCKS FOR SWING TRADING (SHORT TERM) 18/06/2024 NO.8 #HDFCBANK Re-Entry Price - 1600 (CMP 1596) SL - 1460 TARGET - 1750, 1900, 2000 (10 - 20 - 25%) @jagadheeshjp Disclaimer : All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
NSE:HDFCBANKLong
by Jagadheesh_JP
Exxon Mobile (XOM): Awaiting Long Term Entry at $65Our group has recently revisited Exxon Mobil Corporation (XOM), and while there hasn't been much change, it's worth reassessing. The stock has entered the zone between 100% and 138%, which we identify as the level for Wave A and has respected this level. Long-Term Outlook: We anticipate a significant downward movement over the long term, potentially reaching the $65 level. This is where we plan to make substantial long-term purchases. The range between $65.50 and $64.40 has been consistently respected, reinforcing our strategy to wait for these levels before entering the market heavily. Short-Term Outlook: In the short term, Exxon has been trading within a range for nearly a year and a half. It briefly broke below this range to complete the larger Wave (A)and then broke above it to finish the sub-wave A. We are now entering a potential Wave B zone. Current Strategy: - Long-Term: We are waiting for the price to drop to the $65 range before making significant purchases. - Short-Term: We are monitoring the $104 to $100 zone, which looks attractive for a potential reversal. However, given the risk, we are not placing any entries yet and will wait to observe the market's reaction.
NYSE:XOMLong
by freeguy_by_wmc
"Potential Cup and Handle with Bull Flag Patterns in Cinemark Analysis: Chart Patterns: Cinemark Holdings, Inc. (CNK) is currently displaying a Cup and Handle pattern, indicating a potential bullish continuation. Additionally, there is a possible Bull Flag pattern forming. Breakout Potential: A breakout from the handle or the flag could lead to significant upward movement. Target Price: Estimate target prices based on the height of the cup and the flagpole. Stop-Loss: Set a stop-loss just below the handle's low or the flag's support to manage risk. Fundamental Overview: Revenue (TTM): $3,035.2M Net Income: $211.9M Debt/Equity Ratio: 10.90 Forward P/E: 11.27 Cinemark Holdings, Inc. shows strong revenue and net income recovery with solid profitability margins and cash flow. The company has a high debt-to-equity ratio, which indicates significant leverage. The current stock price reflects a positive market sentiment with a forward P/E suggesting potential growth. Investors should weigh the high leverage against the company's recovery and profitability. Conclusion: Both patterns suggest potential bullish momentum. However, investors should consider the company's high leverage when making investment decisions. Investment Note: Trading stocks involves risks. Carefully consider your financial situation and investment goals before making decisions.
NYSE:CNKLong
by rebenga93
Coeur Mining Inc. (CDE) - Bullish Rectangle Continuation PatternAnalysis: Chart Pattern: Coeur Mining Inc. (CDE) is currently forming a Bullish Rectangle Continuation pattern, indicating potential for an upward breakout. Support and Resistance: The stock is consolidating between defined support and resistance levels. Breakout Potential: A breakout above the resistance level could lead to a significant upward movement. Target Price: The target price can be estimated based on the height of the rectangle. Stop-Loss: Set a stop-loss just below the support level to manage risk. Fundamental Overview: Revenue (TTM): $846.97M Net Income: -$108.14M Total Debt: $593.83M Current Ratio: 1.00 Conclusion: The Bullish Rectangle Continuation pattern suggests a potential upward breakout, making Coeur Mining Inc. a promising candidate for short-term gains. However, investors should consider the company's current financial challenges and set appropriate risk management measures. Investment Note: Trading stocks inherently involves risks. Carefully consider your financial situation and investment goals before making decisions.
NYSE:CDELong
by rebenga93
S&P 500 Daily Chart Analysis For Week of June 14, 2024Technical Analysis and Outlook: The Spooz achieved the designated downside target of Mean Support 5325 before ascending to fulfil two significant milestones: the Inner Index Rally 5408 and the subsequent Outer Index Rally 5450. Presently, the index is poised for upward movement, with two distinct targets: the Inner Index Rally 5480 and the subsequent Outer Index Rally 5560. In a downward scenario, it is anticipated that Spooz may test the newly established Mean Support level of 5401, which is expected to catalyze reigniting its bullish trend.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of June 14, 2024Technical Analysis and Outlook: The Eurodollar has achieved two of our downward trend targets in the current week's trading: Mean Support at 1.075 and 1.067, respectively. The remaining downside targets continue to be valid. The ultimate target for the completed Inner Currency Dip is 1.060 and 1.054; out of most, the completed Outer Currency Dip is 1.045. On the upside, the dead-cat rebound is set to target Mean Resistance at 1.073.
by TradeSelecter