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...
We'll see how it plays out. I'll keep you updated.
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.