McEwen Mining Inc (MUX)

[4Godnwv]

Chartwise (assuming 1.85-1.86 is going to hold) the 1.96-2.00 level shows some resistance. After that, I see another little roadblock at 2.10

On the 6mo daily, the RSI is headed north, crossing 53 and the MacD is turned up. If Au cooperates, we might hit 2.10 by week’s end.

A 2nd scenario is that we hit 1.96-2.00, bounce off resistance, come back to retest 1.85 (sigh) and then push forward to 2.10. That could take a couple weeks.

Either way, I see us sitting at 2.10 in early October. Of course, all this could change drastically if Au falls off.

Jmho,
4God