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What the hell is going on with CDE


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#1 tradesurfer

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Posted 13 June 2019 - 10:12 AM

Seems to be outperforming other metals stocks hugely.  Leading the pack and with a relentless bid.

 

Why?

 

Is it because it is go to stock for the big money crowd? (liquidity).   Or did they find some huge new gold reserve somewhere.



#2 tradesurfer

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Posted 13 June 2019 - 11:10 AM

Ok i figured it out... shorts are covering their long term shorts, so partly short squeeze and some new longs getting in on a silver breakout north....

 

not to mention the huge bullish divergence in SILJ as senor bs has pointed out...


Edited by tradesurfer, 13 June 2019 - 11:11 AM.


#3 senorBS

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Posted 13 June 2019 - 11:32 AM

CDE has been an even bigger beach ball underwater, got slaughtered with over a full dollar drop below the Dec lows and had  divergences daily and weekly, I loaded up on this pullback from the 5 up high from 2.78 low to 3.46 high, avg price 3.12, right now right at 50-day MA resistance at 3.41 area, get above there and prev 3.46 high and it should fly norte in wave 3 toward 4. Next two I am waiting for to ignite are FSM and PAAS, get silver above 15 and watch out! BTW the 200-day MA in CDE is currently near 4.5. Also of interest, look at CDE's weekly RSI oversold pattern from Aug of 2015 into the Jan 2016 major low - then compare to the recent pattern from Dec 2018 to just a few weeks ago - look familiar? Looks like Paas may be starting to go, love how well that SILJ/HUI ratio tipped me off, as always DYODD



#4 tradesurfer

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Posted 13 June 2019 - 02:42 PM

Thanks for the thorough response Senor BS !   CDE also has an inverse head and shoulder pattern a small one targeting 4.00 for starters.