Agnico Eagle Mines Ltd (AEM)

[NYBob]

Kirkland Lake Gold Is Shining Bright on the Charts -
Risking below $22, traders could approach the long side of Kirkland
Lake Gold look for gains to the upper $30s -
ex....



The 200-day line was successfully tested in September, October and
November.
The daily On-Balance-Volume (OBV) line shows a slow rise from February
to early August and then a more dramatic rise from September.
This rising OBV line tells us that buyers of KL have been more
aggressive recently and this helps to confirm the price gains.
The Moving Average Convergence Divergence (MACD) oscillator is in
a bullish configuration above the zero line.




Prices are above the rising 40-week moving average line.
The weekly OBV line has been strong for the past year and
the weekly MACD oscillator just crossed to the upside
for a fresh outright go long signal.



In this Point and Figure chart of KL, below we can see an upside
price target of $37.50.




Merry Christmas &Happy New Year
God Bless America