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Stoploss.ch

Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Descending triangle

Pattern Description:

The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern and indicates distribution. Once the horizontal line has been broken, the downside target should correspond to the height of the triangle, projected below the horizontal support line. While this pattern is in the process of formation, volume tends to be low but rises substantially on a break of the support line.
Descending triangle

Featured Video

The RMO ATM 3.0 Trading System

The RMO (inbuilt in MetaStock) has been one of MetaStock's most popular systems by far, and the RMO ATM is also no exception when it comes to plug-ins.

Featured Article

Platinum demand gets 'automotive boost' in 2023, deficit widens - WPIC

by Vladimir Basov
The World Platinum Investment Council (WPIC) reports that automotive demand for platinum this year will reach its highest level since 2017 and now forecasts a platinum deficit of over one million ounces for 2023. WPIC said that “strong” automotive demand growth is a key factor behind the widening deficit of platinum, in addition to industrial demand growth to record levels, and flat supply. According to the report, platinum automotive demand is expected to reach 3,283 koz...
Read more...

Technical Review

Coeur Mining Inc.(CDE) A gold mining stock to watch

2026-06-10 by Tim Straiton

Coeur Mining, Inc. is a precious metals mining company listed on the New York Stock exchange. It operates five mines located in North America. Coeur employs 2,200 people and in 2012 it was the world's 9th largest silver producer. In 2013 the company changed its name to Coeur Mining, Inc. from Coeur d'Alene Mines and moved its head office to Chicago, Illinois from Coeur d'Alene, Idaho.


Coeur Mining has already been added to the S&P MidCap 400 Index and has announced a new semiannual cash dividend starting in the first half of 2026. The current price is $16.10 and trading close to the Fibonacci 50% retracement level of $16.17, based on the entire $4.58 to $27.77 range traded between April 2025 and January 2026

 

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Although precious metals are in a clear bear trend, this stock will eventually run into strong buying interest. We expect considerable support at $13.44 being the Fibonacci 61.8% retracement level and thereafter at $9.54 (Fibonacci 78.6% retracement), based on the aforementioned trading range.


Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.

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