In May 2021, the nearby COMEX copper futures contract reached a record $4.8985 per pound. After a correction to just below the $4 level in August 2021, the red nonferrous metal made higher lows and higher highs, leading to another all-time peak at $5.01 per pound in early March 2022. Range trading gives way to a downside break Goldman Sachs believes higher...
Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level WALCL/100000000 versus Tesla Motors, Inc TSLA/1000
See chart. If VSGX drops another 1.6%, a bat harmonic will be confirmed. May make for a nice entry in the PRZ.
Utility company Middlesex is dripping with momentum and it could still be time to start accumulating a position as the possibility the Biden administration social spending bills could take effect. Could be pretty early here so use potential pullbacks to lower your cost basis keeping risk management appropriate. Other names like AWK, FERG and CNM also on the come up..
Industrial stock APG is showing a potential weekly breakout as infrastructure looms. The bill's passage hangs in the balance however this company can still be good for the patient investor with an ESG mindset. Good luck trader!
Technical Thesis: -double bottom -20 day MA on the verge of a steep cross up through the 50 day MA -average volume is trending upwards -it broke out with significant volume Fundamental Thesis: -YoY Profit margins are trending upward -from 2018 to 2020 their debt to assets has fallen significantly -on the Macro side, with the ability of large-scale production and...
With the money printer going BRRRR (costing $4T from the fed) causing stock prices to be inflated, investors and money managers in the stock market may soon take profits into hard assets that aren't necessarily tied to the value of the dollar, like housing, cryptocurrencies, gold, etc. in order to preserve the wealth that may otherwise be lost due to continued...
$MNTK Montauk Renewables has seen some major upside recently. Yes we are late to the party but the lack of volume is off-putting. Today 9/15 there was a spike in volume on the final 30minutes. It was selling pressure after reaching a intraday high of 12.21 The daily chart shows clear defined levels we can play if the trend continues. We are watching a break...
Model Forecast for Mega Uranium Ltd.: - Model has produced a Line of Least Resistance. - Mega Uranium Ltd. is a uranium mining and development company which explores for prospective properties primarily in Australia and Canada. - This is a second wave "junior" that has been in existence since 1990 with a promising balance sheet. - We believe that a macro turn is...
The midstream "stocks" typically move predictably with their payouts. Energy Transfer is no different and is moving to a strong upside as a payment is expected in October. There's also the considerable catalyst of its acquisition of Enable Midstream Partners which will expand $ET's already extensive pipeline coverage (~90,000 miles). Buying into $ET at its present...
I am putting myself out there that as time passes its more and more likely that Abaxx is awarded its license to operate as an approved clearing house. I thought it could slip into August and it has but it may yet still not come this week. So we have 5 days here for it to come for this chart to perhaps be a nice call on Stock performance this week. Note prior...
In looking to add to my Long Position in Neo Lithium Corp $NLC.V / $NTTHF I have approached this TA from a bearish perspective over the short term. As detailed on the chart, You can see price make relatively weaker advances: The first move up in early June was stopped at +3SD channel, the next at +2SD channel (note volume). Price always travels back to the mean...
Notes state my thoughts on the matter. I could see price being supported by the LR mean if a roll over does occur. There is SPECULATION that Abaxx may be awarded its clearing house license over the coming week. This may provide the catalyst to push Abaxx out of its DTL. I am holding long shares and looking to see some tight price action in the +3SD channel to...
I'm hoping ABXX can keep the support along the cup and handle trend. New support was recently found around $3.33. The Simple Moving Averages on the 4 hour and 6 hour charts are both crossing at $3.64. $3.64 also acts as a resistance point on the hourly chart as shown below. Huge resistance is coming around $3.70. The next major resistance level is at...
After months of weakness, Tesla may be charged for another move to the upside. Some interesting patterns have recently appeared on the electric-car maker’s chart. First is the false breakdown below $550 on May 19. This was followed by a rebound back above the 200-day simple moving average (SMA). Interestingly, it was TSLA’s first test of the 200-day SMA since...
They are currently partnered with Pepsico and the University of Georgia working on fully biodegradable plastics; with Nestle and Walmart already signing on as customers. Got caught up in the SPAC sell-off. Doubtful it drops further so now would be a good time to initiate a long position. One strategy would be to buy half now than wait for a few trading sessions to...
Introduction While I personally am a fan of central government management of monetary policy because it gives us great tools for managing crime and recessions, I'm not opposed to trying decentralization and seeing where it takes us. Decentralization helps fight the concentration of power and wealth, and it's a good old democratic tradition here in the United...
This is building from my original idea published for ABXXF, listed here in the US on the OTC; However, you can't really glean too much from it's chart. You can see the original ideas linked under 'Related Ideas". I'm expecting the cup and handle formation to continue with it reaching resistance around CAD$4.40-$4.45 (US$4.20). > The 4-Hour Charts for ABXX &...