Gold miners Agnico Eagle Mines (AEM) and Kirkland Lakes Gold (KL) both posted bottom-fishing pocket pivots today at their 20-day exponential moving averages. AEM, below, also posted a U&R through its prior 51.31 low. Note also that last Thursday it posted a gap-up (U&R) through its prior 49.20 low. One can use the 51.31 low, the 10-dma, or the 20-dema as selling guides depending on risk-preference.
Kirkland Lakes Gold (KL) also posted its pocket pivot at the 200-day moving average which it cleared by a small margin. At the same time there is a U&R in force along the prior 39.35 low. This is actionable using the 200-dma, 20-dema, or 39.35 price lows as selling guides depending on risk-preference.
Pocket Pivot Review - Agnico Eagle Mines (AEM) and Kirkland Lakes Gold (KL) 12/20/21
|Published:||20 Dec 2021 16:33 ET|
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