Fresnillo is back to being reasonable and – in accordance with our expectations – has moved downwards again. Now, it should keep up this drive to make it below the support at GBP 456.60 and thus into the turquoise zone between GBP 473.60 and GBP 250.00, where it should finish wave (2) in yellow. There is a 35% chance, though, that Fresnillo could escape above the...
Bulls and bears are currently both angling for Fresnillo’s attention. We still expect the bears to win, though. They should grab Fresnillo and take it below the support at GBP 456.60, pulling it into the turquoise zone between GBP 473.60 and GBP 250 to finish wave v in magenta as well as wave Z in turquoise and wave (2) in yellow. However, there is indeed a 32%...
Good Day - hope everyone is doing well, and welcome to a brief case study of an Trade Idea we shared with VIP Members earlier this year, and executed for our Fund. Without repeating what's above - it's clear that the market will give Retail Traders a 'Judas Goat', to induce false positions, early sells and generally spread a feeling of fear & anxiety, clouding...
Since May FRES has been descending in a fairly well defined channel. I anticipate this to continue dropping beyond earnings report on 3 Aug. Furthermore, share price is not testing the upper Bollinger Band and hardly testnig the mid line. My target for entry or top up is sub 700p where it will be exceptional value. From that level expect a long and protracted rise...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
could see a reversal here. A lot of room for this stock to increase in price due to high inflation.
Long above 940p Stop-loss: 890p Target (Range?): 1080-1110p Last: 920p Break of line A_B is initial swing trigger. That's around 940p
Chart pattern: Bull Flag Entry: 976.2$ (this would end the trend of the correction) Stop: 825$ Target: 1750$ (1:1 Fibonacci extension of the former impulsive move) Risk/Reward-Ratio: > 5:1 Stopmanagement: Parabolic SAR daily chart default settings
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 897.6 GBX
Divergence between Spot and one of worlds biggest miners
The beauty of tracking a small number of stocks - it's like muscle memory of the market - let's see if the same things play itself out again.
LSE:FRES 27 January 21 Update on Fresnilo Uk Share. Price moving DOWN to the Potential area of Demand. First Posted on 15 January 21
LSE:FRES Friday 15 January 21 Fresnilo Shares closed At 1087. Forming a 🐻 Bearish Engulfing Candle. Price could potentially fall to the Demand Level below Around 860. Look for Support Around this area.
Use a price reset as a longterm buying opportunity
This is making its U-turn, it takes time for this big cruise to turn around and head to north pole for Xmas. changing direction of its mid-term and long term down trend. 50MA crossed above 200MA recently Consolidating after strong reversal patter short term consolidation triangle is getting too small. Volume shows perfect time for a break out
Fres is looking in to some fall back after hitting that monthly level... We will see what comes out of this 2/1 ratio...