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Gold/Mining/Energy : McEwen Mining -- Ignore unavailable to you. Want to Upgrade?

To: goldiscash who wrote (24457)

10/8/2025 11:30:22 PM

From: The1Stockman

Respond to of 24506

I think your referring to the $19.10 level I pointed out in a recent post goldiscash, thank you for the recognition.

Yes, the $19.10 was tested today, and the high was $19.11 before pulling back late afternoon and closing at $18.78, which was 4¢ below the $18.82 I hoped for, the $18.82 was Monday's high, so it failed for now ...but, ...we are still making higher highs and higher lows.

MUX is not consolidating much at all, that's neither good or bad, its momentum higher is ongoing but this does not mean it wont stall at some point and test some lower areas which would be nice to see before moving yet higher. My concern is that it could return to lower levels down the road, I'd much rather see it now if that were to be the case.

In the chart below, the lower black line that is crossing Friday's green bar at $17.27 is a pivot-point which hasn't filled and its not the first, we have several and I will remove both black lines if the share price stays above the lower red line and closes above the upper red line over the next several days, the red lines will be its new pivot points, and it goes on this way from day to day, we keep moving the pivots higher with each passing day if the momentum continues, but MUX did close the gap that formed over the weekend.

The two red lines I added are at $18.04 and $18.67, they will be its new pivots if the lower red line holds. We will have a better idea of direction when one of these red lines give way.