NorbertDavid

My analysis of FNV chart

NYSE:FNV   FRANCO NEVADA CORP


The shorter SMA crossed, the longer above (the 9th of April), that is a pretty bullish signal
50 EMA shows me that we are still in the uptrend ( D chart)
RSI on the daily chart shows me that we still have space to go up
You can see the important FIB levels 0,236 - 0,382

1) if we break the 0,236 resistance, we are heading up until 131$ area

2) if we can't break the 0,236, we are going back 0,382 then 0,5 fib levels.

This is the main direction, but on the 1H chart

RSI shows me an oversold signal, plus there is a strong resistance (0,236) that we have tried to break 2 times already. If we have enough bulls then we are going upper, but if people will realize their profits, the mentioned Fib levels can play. SO I am waiting for a short correction before we try to hit again that above level.

What do you think?

Comment: https://www.tradingview.com/chart/T4Otuw...

So here we go the Doji I was waiting for, I guess we can see some correction from that point to 0,236, we are going back 0,382.

What do you think?
Comment:

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