Here, I am thinking that both Boliden and copper could potentially top out of their bear bounce. And possibly come back below the trendline. There is a divergence between RSI and other indicators, which suggests that the 4-hour top is becoming more likely. In addition, the current macroeconomic conditions are worse than usual, and generally speaking, September...
1. There is selling climax at number 1 on the chart, small investors, for fear of strong declines, sell their stocks. During this, large investors started the buying process. 2. There is a large volume on the downward wave, but the price does not move lower, it means that while one side of the market was selling their stocks intensively - the other side of the...
From a positive optimistic view these is definately a view with a little volitility inbetween for Boliden to reach 326 again and have a tight stop in around 300 over the next 3-6 months + global copper market was in a deficit last year.(2018) * Bounced of lower level support.. * good dividend * dollar weakness * Electric car demand-- *- Chinese economy...
We are looking at a really nice Butterfly forming in Boliden on the hourly timeframe. The B point has been broken on the downside so there is a small window off bearish opportunity as well on it´s way down to D completion.