Silver is one of those classic investments that people tend to buy as price moves rapidly in a positive direction. By the time you hear about Silver's performance, the smart money is already unloading their holdings. I like silver. In fact, it's one of my top long term holdings. I think with the positive traction gold has had over the past 20 years proves the...
Hello guys, welcome back. If you agree with my point of view please leave a comment I am more than happy to give my insight. If you are interesting for more please send me direct message to my profile and I can help you, Thanks.
2.31 cost of spread 77.5/85 Earnings play as vaping is moving into a recession due to fears and cigarette sales may be higher. It also bounced after Altria deal fell through. Max gain will be 25% of the spread which is a sale price of $3.60 Max gain is $130. Max loss is $130
I combined both H&S pattern with EW analysis. On EW side we see the 1st impulse down and now we are in a pullback ABC. The C wave is pending. It is probably the initial move down in gold within a huge drop down at least we could see 1200 again and it depends on what structure would unfold then. Pattern is simple and we should watch the breakdown of the...
If you guys have seen our recent analysis on gold you know that we have been shorting it all the way from the 1540s. Due to the recent US-CHINA negotiation optimism + a surprisingly better employment data earlier today, we have seen a sell-off in PMs and Yen. In our opinion, there are some good stops at and below the 1520s and we may see a run down near 1500....
A better view of previous chart's levels, as they're mostly- daily/weekly+ charted (posted hourly tf)
Partial long entries today.. 43.80 range holding, for now, looking to see if we can get a curl up 30c or so before today's close. Watching for that small descending triangle intraday, We'll be looking for support levels below hold next week. Some decent support was broken, but it's been reclaimed in the past with fakeouts, so am not concerned. Looking at a...
Some news on an Altari (MO) merger due to poor results, - PM has hit support 5 times and bounced off, I will follow my ta and stop loss in profit , 3 quarters would be a nice holding period for this, but I may close this as soon as we get to some profit.
GOLD Though 3 days ago the daily close was the highest close since 2013, we stopped the rally. On the 8 hrs chart above it still seems we are just testing back the triangle but as we are on day 18 time is not working for us. Today is day 18. I'm expecting a top on the 25-26th day. That would be on or one day ahead of FOMC. The drop back below the triangle's...
Philip Morris (PM), Daily chart: Resistance line + Bearish Engulfing candles pattern + Side of Bollinger bands (20,2) + Hidden divergence on RSI(14)
Weekly inverted H&S? ... see if it break through neckline w/ vol?
Bearish case: * Inverted Hammer at the top of trend + on above average volume + at resistance and + with massive bearish divergence
I can tell by the title I wrote that gold bugs are already pissed off. Long story short, I think gold (and silver) will go further down in value. I first want to start by saying I love precious metals including gold, but I don't think this scenario is going to play out the way any sane person would think. That's why you have me, completely lacking all sanity....
Could be in the middle of an ABC correction. Also this one could just take off and not come back. Given the time it took for the 5 wave impulse to complete the probability favors short term boom them bust, then new cycle to start up.
On the hourly chart of PM shares, the price, most likely, has finished a corrective B wave within ABC zigzag. Expecting C wave or a new bullish cycle.
Hi Followers and Visitors, So far, the Moving Water has done a good Job on Crypto, but what about Stock Exchange? Let's start thinking outside the box and initiate a series of tests on US Stock Exchanges, for now - NYSE A LONG TRADE - SHORT TERM - to Philip Morris International PM - NYSE Let's see if it could also work in this world. Hope the Best for you...
Consider looking for a long position in PM as it failed to follow through on a new 52 week low attempt.