FNV has been under some pressure recently, as is the case with most Gold stocks really.
FNV is another prime example of a high quality Gold miner that is trading below its 200-day moving average while Gold itself if making new highs.
This is a strong buy from us.
Patience in trading is the discipline of being with your restless energy when things aren't happening they way you want them to. If we are to be patient, we must know what it is we are being patient for. That is part of what making a trade plan is all about.
I know I’m being patient for the conditions of my setup to line up. After that i know I’m being patient...
Hello There!
Welcome to my newest idea about FNV from the gold market perspective. In recent times, the gold market is approaching severe developments that could lead to major price-action disruptions in any case, especially with the important underlying dynamics to consider as I am doing it within the market. Major innovations and implementations within the...
FNV is trading in a descending channel. In its latest upswing, it has gone above the upper trendline of the channel. It has also gone above the neck (yellow line) of the double bottom formation, which is now acting as support. Bullish trend on Squeeze Momentum indicator. Move bullish volume than bearish volume in current upswing. If it doesn't lose the yellow line...
Bismillahirrahmanirrahiim
Its a good thing that i stumbled upon with my precious setup on FNV share. So this is the reason on why i strongly believe it will be on bullish run
1. Intact uptrend on Weekly
2. Retrace towards on RBS and also retest lower BB
3. Bullish divergence forming up
4. Build Up Volume
5. Candlestick Compression Signal available
Targeting...
Possible resistance at B.
FNV measures out the be an ABC pattern with a target of D.
This pattern is known to reverse when D is reached.
Targets are calculated using the AB leg.
D can be at a lesser fib level than the AB leg or a greater fib level than this leg and can reach the 1.272, the 1.618, and in some cases even higher fib levels.
Stop under C or where you...
Reason to be bullish :
1)ascending triangle pattern
2)above 200 week moving average
3)confirmation of MACD ascending
4)inflation entrenching
5) central banks buying gold
6) Black swan event : war escalation
7) Fed pivot imminent since BLS revised labor growth from 1 million to 10k for JUN to SEP ...
The PEAD projected a Bullish outlook for $FNV after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 64.29%.
The setup looks good to me on the weekly chart on this really fantastic long-term winning stock. The weekly RSI is beginning to approach oversold/fair value levels and the Williams Vix Fix indicator is now signaling a bottom as well. In terms of price, we may double bottom in the low 160s support zone so the downside risk feels more minimal at this point and...
The PEAD projected a Bearish outlook for $FNV after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
The PEAD projected a Bearish outlook for $FNV after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 33.33%.
Some of the majors are great buys now, dirt cheap. Many of these will perform great once we resume the gold trend. It's a good idea to hold a wide variety. majors, developers and myself im heavy weight on explorers but my point is these majors are DIRT FREAKING CHEAP right now and are worth holding... kirkland lake is another and kinross etc.
