RSI above 50 MACD positive and above 0 Price above upward sloping 20 & 50
RSI Above 40 Neutral MACD Above 20, 30, 50 ma Target = previous high
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. South32 (S32) on the ASX has been led by Gold (GLD) by 139 days through history. Go ahead and check out the...
The t/p target was maybe a touch too aggressive considering the previous high in the background. The high was tested and holds for now. Curious how price will react with the LML, and if the ML set is valid. There are some alternate entries, which show better RR, and less ‘time in the market’ once the ledge had broken. You don't always have to be first. The first...
ENTRY: 3.71 SL: 3.36 TP: 4.07 - ADX<20. Would like to be higher. - RSI>50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD +ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - Retracement since hit high on 14 Oct 2021 - Possible hidden buying on 30 Nov 2021 and followed up with 2 days of above average volume.
S32 commodities Alumina Aluminium Bauxite Metallurgical Coal Lead Nickel Manganese Silver Zinc
That is a seriously aggressive bullflag on S32 Yea right inflation is transitory! That's why S32 is into orbit
Cheech and chong-sized bullflag there! Boom. TIme for a little pullback then away again!
Bullish Confirmation Indications Recent price action has confirmed a reversal by pumping upwards and forming a higher high. 1. Price has formed a higher high 2. It has formed a Golden Cross 3. Recent consolidation at Resistance indicates that the stock price is facing a hard time continuing up 4. The price is at 78.6% Fib Retracement level of $2.45 and @2.60...
Completed pattern and a forecast target as shown on the chart is for educational purposes only.
2.10 - 2.11 is key area of support. Already been retested. Confirmed at the .382 Fibbonaci retracement level Over the hourly and 4 hourly time frames the 20, 50, 100, 200 ma level acting as a support. On the daily looks as tho the 20 MA might retest the 200 level. These are very strong indicators of a strong upward trend occuring. I believe the price will test...
S32 breaks away from 2.05 support and heads towards 2.12. A break above 2.12 could see prices continue to around 2.20
Strong buyers have broken previous supply level with confirmed increase of volume Next level of supply would be target which ties in with Fibonacci levels
Strong buyers on daily chart to commence a breakout to fill gap to 1.618 Fib extension as highlighted Weekly supply area
Two clear breaches of the 30 Week WMA, both on strong volume. On the cusp of a breakout above $2.83. However, earnings dependent as half yearly fins released shortly.