Coeur Mining Inc. (CDE) - Bullish Rectangle Continuation Pattern
179
Analysis:
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.