Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
Watch the lines for a place to jump in.
Watch the lines for a place to jump in.
money flow rising -waiting for opening confirmation bar get our book on amazon for entry and exit rules with stop loss parameters j hook pattern relative strength good macd crossed cci and percent r in upper ranges good pattern above weekly cloud
Even though there is Rio Tinto's New Boss is welcomed by the market and commodity price is supported are the good news to sell.
mining and petrol sector rallying going long on 6 value stocks currently showing signs of strong momentum Long: $TRQ $SWC $FXC $F $CMRE
VALE5's Fibbonachi looks horrible!!!! Projection at R$ 3 pretty soon. Who share this ???
GG just triple bottomed on the $17 support level. A tight stop just under $17 makes this a low-risk, high-reward scenario.
For the big picture of gold, look at the monthly time frame. What is the story that the monthly chart is telling us? It is showing us that Gold has FAILED to make a new low after bottoming back in November at 109.67: December, January, February, March, April all failed to push new price lows and that is a sign that the sellers are not only extremely patient,...
- Vale jumps today from level of previous low despite weak Chinese PMI data (on the heels of oil break out). - Name heavily oversold on Chinese fears, plummeting iron ore prices, Brazil uncertainties, etc., selling might be overdone. - Deeply undervalued even with depressed circumstances taken into account. - High risk idea as many part of the equation of Vale is...
The accumulation is actually up, which hopefully means people are buying at this level, establishing a new support. I'm not jazzed about a $330-350 support level, but it's better than not knowing where the floor is at. Still, my miners are shut down, until it's cool enough to use them for heating, or BTC goes above $400 again.
Metals & Mining have been underperforming the S&P since August as commodity markets sold off. Alcoa has now entered a downtrend after reaching a double top at 2011 highs near 17 a share. The Bearish divergence between price and MACD also suggests more downside in the new confirmed downtrend. Initial target: 38.2% Fibo retracement at $14 a share
The Harmony Gold Mining (HMY) Daily Diagram Technical Analysis Training shows the following: The (HMY) share reacted yesterday making a bullish engulfing that we expect a confirmation today. Yesterday, at the end, almost all Gold Mining Shares turn upside. RSI is oversold. MACD is bearish. The share is under the KUMO, the Kijun Sen and Tenkan Sen too...
JNUG has been in an ascending price channel since near the beginning of June. As of 7-23-14 12CST, it is nearing the bottom of that channel. Currently indicators such as EIS, PSO, BB Impulse, MACD (see indicators underneath price chart) indicate downward price momentum. However, there are some indications that some of the indicators could reverse. Should the...
This chart shows the year to date performance of gold vs gold stocks. We see that gold stocks of all kinds have outperformed gold itself. GDX is an ETF of larger, more established miners; GDXJ is an ETF is an ETF of junior miners. RGLD, SAND, and FNV are royalty stocks, which are basically firms that invest in other mines in exchange for a share of their output....
I similar to many people, feel we are close to a pinch point where the true value of bitcoin is shown to be going up or down. This is my analysis of how we have got to today and where we're headed.. Short term down another leg but long term up.