Here is a short video on basics of divergence and how to use Zigzag Trend/Divergence detector script.
Most of the things mentioned are already available in the indicator description. As mentioned many times, just follow the cheat sheet:
it's very clear that zip is going high and getting out if its consolidation price soon confirming with MACD getting close and crossing.
this also conforms to monthly chart as well which is very strong.
i reckon soon (maybe less than three months) zip will go high and higher than before.
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following is a snippet from news:
1. Either way, Aussie investors are indirectly exposed to Evergrande through the Chinese property sector’s insatiable demand for iron ore. The price of the...
So far ASX:BHP has been going strong from support price approximately $36.00, showing signs of trend reversal but it could be a counter trend move.
I am expecting a price correction here.
from here I expect price moving down to $38.00 , and then $37.00 levels.
finally if It gets down to $36.00 levels would offer good buying opportunity and that is where...
I think ASX listed Sayona looks interesting, and with such an aggressive price move this year up over 1600% they do appear to be at a fairly strong support area with most indicators looking pretty bullish.
I liked their PLL partnership as well. One to watch.
From their About Us page:
Sayona Mining Limited is an emerging lithium producer (ASX code: SYA; OTCQB:...
With iron ore sales plummeting and not looking rosy on the China front, time and price wise is looking bad for FMG
10 down down, 5 days up to 1.375 retracement.
expecting fmg to reach 13 by end of October (tentatively 22nd) . 13 is also the top resistance back in Jan 2020. Old top (resistance) becomes new bottom (support)
I have been shorting FMG since mid...
Big movements upad down i dont like, was hoping to see a base, but price action is looking good on daily. Position here with stop at 10.90 is a good low risk play. Broken and retesting downtrend today, if it falls back below the line, no good. But as long as it stays above, a base can be made and a push to break $12 on the cards next week or the following week.
On watch for break of 200ma. Alot of volume recently and price action is looking healthy. Could be a good hold from here with a big target at $10.
Entry with a stop at 5.80 is to much risk for me. Wait for some confirmation on the chart.
Was just having a bit of a look through some Australian stocks on the ASX and notified that both Flight Centre and Webjet ( ASX:WEB ) were looking bullish on the charts.
Makes sense when you think that a lot of the travel restrictions we are under could soon be lifted.
Pricing looks a bit expensive at the moment. Until you zoom out ;)
Might be a bargain. What...
Charts look absolutely similar between iron futures and iron mining companies.
ASX:FMG (Australian Iron Giant)
ASX:CIA (Australian Mining Company) - in the main chart
NYSE:VALE (Brazilian Iron minor listed as US...
I have just been having a bit of a look around some of Australia's EV raw material type stocks and Renascor has been a bit of a monster over the last 12 months up around 1200%.
From their Facts Page: renascor.com.au
Renascor is developing a vertically integrated Battery Anode Material Manufacturing Operation in South Australia.
ASX listed Neometals has had a good run over the last 12 months up over some 358% over the last 12 months.
From their website their main focuses are on Lithium-ion Battery Recycling recovering cobalt and other valuable materials from spent and scrap lithium batteries as well as Vanadium exploration and recovery from slag.
Share price is still under $1 but back...