Fundamentally sound - both BHP and RIO
Iron ore prices testing key trend line support on longer-term charts Weekly
BHP is testing 0.618 and RIO 0.5 FIBs
Gold miners NST and NCM testing support but need more confirmation as they are sensitive to USD fluctuations.
Possible trading options:
Leaps
Put sell
1- Trend analysis:
Higher prime numbers mean we are in an uptrend. When the bands are moving upward direction, the market has a Bullish Direction.
Lower and lower prime numbers mean we are in a downtrend. (If the bands are moving Downward direction)
2- Volatility:
Narrower bands mean stock price is less volatile.
Wider bands indicate share price is volatile.
3-...
