S&P 500 INDEX - In the midst of wave 3 which has still room to grow and then we see correction till wave 4. We resume journey upwards towards wave 5. Given target based on weekly wave analysis and no target is fixed as probable targets falls within the range
#SPX500 #Elliottwave
Gold is in wave 3 impulse and this will take us to $2500 where profit booking enables start of wave 4 with final push to wave 5 to $2800 range.
We are in the midst of Gold bull market. Wave 3 can be long and vicious and so take the most benefit out of this current wave. Soon, the money will start flowing into Junior and mid cap Gold miners.
#Gold Expecting correction to 2000-2100 before this one takes aim at 2500 as target. There will be dip and another buying opportunity to accumulate soon enough.
Stock has gone through a recent placement and the new issued shares have been well absorbed. Stock will start to make major moves upwards on the back of positive gold prices and sentiments. Gold Majors have been doing well and the money rotation will soon get into Mid tier and junior gold producers, developers. M&A is the sign of consolidation in Gold and healthy...
Lithium prices post Easter break determine the next price move in the stock, up or down. If it goes down it will double bottom and then resume journey upwards. Next 2 weeks will determine Long or Short.
****Not a Financial Advice******
Harvey Norman with a dividend yield of almost 8.5% and now after earning release has corrected between 11-14% in a matter of a week.
The downside is contained with side way consolidation for next few months. Two much bad news and headlines now make it as value buy. Always a good idea to look for opportunities at peak pessimism....
