(AEM) Technical Pivots with Risk Controls

November 10, 2024, 12:12 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AEM

• Buy AEM near 78.56 target 84.66 stop loss @ 78.33 Details

The technical summary data tells us to buy AEM near 78.56 with an upside target of 84.66. This data also tells us to set a stop loss @ 78.33 to protect against excessive loss in case the stock begins to move against the trade. 78.56 is the first level of support below 83.84 , and by rule, any test of support is a buy signal. In this case, support 78.56 would be being tested, so a buy signal would exist.

• Short AEM slightly under 84.66, target 78.56, stop loss @ 84.9 Details

The technical summary data is suggesting a short of AEM as it gets near 84.66 with a downside target of 78.56. We should have a stop loss in place at 84.9though. 84.66 is the first level of resistance above 83.84, and by rule, any test of resistance is a short signal. In this case, if resistance 84.66 is being tested, so a short signal would exist.

Swing Trading Plans for AEM

• Buy AEM slightly over 84.66, target 85.1, Stop Loss @ 84.42 Details

If 84.66 begins to break higher, the technical summary data tells us to buy AEM just slightly over 84.66, with an upside target of 85.1. The data also tells us to set a stop loss @ 84.42 in case the stock turns against the trade. 84.66 is the first level of resistance above 83.84, and by rule, any break above resistance is a buy signal. In this case, 84.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AEM slightly near 84.66, target 82.68, Stop Loss @ 84.9. Details

The technical summary data is suggesting a short of AEM if it tests 84.66 with a downside target of 82.68. We should have a stop loss in place at 84.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 84.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AEM

• Buy AEM slightly over 84.1, target 84.66, Stop Loss @ 83.9 Details

If 84.1 begins to break higher, the technical summary data tells us to buy AEM just slightly over 84.1, with an upside target of 84.66. The data also tells us to set a stop loss @ 83.9 in case the stock turns against the trade. 84.1 is the first level of resistance above 83.84, and by rule, any break above resistance is a buy signal. In this case, 84.1, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AEM slightly near 84.1, target 82.68, Stop Loss @ 84.3. Details

The technical summary data is suggesting a short of AEM if it tests 84.1 with a downside target of 82.68. We should have a stop loss in place at 84.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 84.1, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Agnico Eagle Mines Limited (AEM) available here: AEM.

AEM Ratings for November 10:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	78.56
P2	82.21	82.68	84.66
P3	84.1	85.1	90.86

AI Generated Signals for AEM

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The technical pivots for Agnico Eagle Mines Limited (NYSE: AEM) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AEM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AEM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AEM too.  All of these are offered below the Summary Table.