Confluence of Bullish Factors -Gold is due for a weekly cycle low (See Bob Loukas on Twitter for info) -Key support Weekly cycle lows typically occur every 22-26 weeks. Currently at Week 23. Weekly cycle lows typically start off with powerful positive price action. Where it ends up is anyone's guess. The key support level should also provide some positive...
Franco Nevada vs. Principal Gold Miners (ex. BHP , Teck , Glencore and Vale), unweighted, outperforms GDX
Franco Nevada vs. Principal Gold Miners (ex. BHP, Teck, Glencore and Vale), unweighted, underperforms GDX
Real nice bullish divergence here on the MACD, at the PCZ of a Bullish Gartley. We could see a confirmation low, but with the new CPI reports, it may not give us a chance. Position trade here, dollar cost averaging if need be.
For the gold bulls, i really like the look of this setup.. We have finally seen harmony bottom out and break out the falling wedge with divergence ever present as it bottomed. I think we can see this rally up to previous resistance and 200 day moving average at $4.20
*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.* *Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.* * Inflation is a crook, we've all...
Downtrend Channel Breakout SMA50 as support OBV > OBV Avg34 Williams %R crossed -50 Entry 4.7 Stop 3.9 Target 7.5 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
Lately markets look kind of shaky and stocks that most people trade are very dangerous. We will have a shift and some of the funds will move into mining as overpriced flying pigs will start falling from the sky. I monitor this segment of the market very closely to be ahead of the crowd as thing will change. Lot's of miners been trading sideways or sliding lower,...
HMY Harmony Gold as been in downward channel and is near supporting moving average 200 ish MA. Watching for bullish behavior. Stock is relative inexpensive in price to sales and future price to earnings. If inflation theme continues, gold stocks will have favorable demand and sales growth potential.
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.
If it holds at old resistance we could see a uptrend but if it breaks it will look extremlu bearish and could take support at 2.
Added Harmony to my portfolio of over 300 mining stocks today.
History repeating itself? Would not be surprised to see HMY testing the lows just sub-$4 before putting in a proper rally.
Sentiment is extremely negative on the gold counters now. Time for a little counter-trend play?
análisis con ondas de Elliot en temporalidad diaria (1D) Al parecer, por el momento, estamos en el inicio de una onda 5 con visión alcista para HMY clúster de Fibonacci, el primer fibo arrancando desde la onda 1 hasta el máximo anterior y el otro desde el arranque de onda 3 hasta el mismo máximo no llego a tocar los niveles de fibo pero lo tomo como zona...
Potential reversal trade in HMY having found support on the 2016 pivot point & the 100ma. Stochastic and RIS bottoming Targets $5.69 - $6.00
Potential day trade $6.50 - Upside target $7.00