CDE daily Jan 5th
CDE (Coeur Mining, Inc) hit the first profit target (T1 at 5.25) for a 25% gain on Dec 23rd while I was away on vacation. So far, the inverse head & shoulders pattern is playing out nicely although I have yet to officially extend the final target to either T3 or T4 (T2 at 5.82 remains the current final target).
As previously stated, how silver trades going forward will most likely determine whether or not the price targets are extended on this trade. If silver prices begin to rise, especially above the 18.80ish level (spot prices), T4 (7.20) which is the measured price projection for the IHS pattern, will most likely become the final target on this trade. As always, consider booking partial or full profits and/or raising your stops as each target is hit, according to your trading plan.