Breakout with force the vwap-downtrendWe have here the breakout with force the vwap indicator so it's mean that we will have a downtrend.Thanks.
Barrick Mining Corporation
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Analysis-downtrend-illustrationDowntrend after the breakout with force the vwap and the support line.Thanks.
AnalysisHi...! Here we are in a bullish channel situation. In addition, we are in an uptrend and we will not go against this trend and also we are above the vwap and this reinforces our bullish position. We could, however, have a continuation of this trend if and only if resistance is forcefully broken by a large green candle and followed by large green volume. On the other hand, for there to really be a reversal of the trend, the vwap as well as the support must be broken with force by a large red candle and accompanied by a large red volume. Thanks.
Bearish market is changing the rulesIt seems like all trading rules are out of control in this bearish market. One of the Greatest investors of all time Warren Buffett said "be greedy when others are fearful; and be fearful when others are Greedy" this rings true in the mind. However Buffer was an investor & not a traders. the rules differ or both games.
THIS IS ONE OF MY BEST & MOST PROFITABLE trades.
short term (W) is in correction while longterm (M) still technically in uptrend. price comes into the DZ which is the HL (Higher Low) of the
longterm (M) chart. provide low risk entry & high profit.
It seems in this market nothing hold true. As the price broke through the DZ. I followed my rules and took the Loss.
If there is a lesson to carry. the DZ was tested (in the dark square) this basically weakens the
DZ. One of my first trading teacher compared a DZ to a door. the more you knock on the door the more likely it will break down. This DZ door has been knocked before. it broke & the door opened. A better trade enhancer would of been a fresh untested DZ
Barrick leader of the pack, indicators said go time. the moving average ribbon pinch is a great tool and reco it.
ABX bullish I am already in this trade in call options. I see this playing out well.
The gap fill target would be really nice for options traders.
Either way, still trading well below analyst avgs and strong buy IMO.
ABX Bullish RSI divergence daily spottedI would expect this will bounce to at least gap fill mid -27. Short term bullish with gold set up a reversal hammer.
ABXI opened a LEAP call option with strike price of 40 if I am not mistaken. Willing to accumulate more should it continue to come down to $20 on the share price.
This was one of Warrens only Canadian holdings through out last year. It is trading at a massive discount.
It is a great hedge against a bearish market on the long side.
The case against it would be the following:
An inverse cup and handle on the daily from March 16th, 2020 suggest a potential fall from a chart pattern perspective.
Although Target analysts are bullish on the stock, some believe it is trading at above fair value.
For me, with my style of trading with yearly leaps, I accumulate and all I need is a pop. maybe one that lasts one day, or the ones that carry on for a couple of weeks, and I am out of the trade on a profit.
Barrick Gold with potential 100% upside in 2021 Barrick Gold is way oversold and appears to have nice support in the $29-30 range. Daily & weekly RSI in the 40s/30s and trending upward, along with ascending 200 dma on the weekly which we're well above.
I believe this will be the start of a year long uptrend IF volume appears soon and we can keep closing above ~$29. In order for this to happen, the gold chart cannot break down in the short term. We need to stay above $1800 for sure, and $1867 ideally.
People are extremely cautious with gold right now... why buy it when everything else is going up and the JPM riggers and central banks are hard at work keeping gold down?
But we're at a precarious point in time with Covid-19, all this money printing, disinformation and speculation/greed at recent or all time highs... and people know this. People know that gold is going to go up; theres just no rush to be in it... until there is.
Gold looks to me like its nearing a major breakout toward all time highs. I am fairly confident that it will happen this calendar year, and when it does, Barrick will rip through $40 and approach all-time highs in short order.
Recent copper price appreciation will also help reduce their costs significantly. They produce a lot of copper.
Long from $29.50. Stop Loss at $28.20.
Cheers
ABX Bottom In ?Volume and liquidity levels potentially confirming a bottom.
Looking for higher low on lower volume. Moderate upside potential with gold bounce and dollar destabilization.
LONG - Barrick Gold - TSXBased on current support and resistance over the last couple months and other indicators, we should see another uptrend to around $35 to $40.
I would set a stop loss in case the trend does reverse but from the looks of it, it will be uptrend.
Last Chance to Sell $ABXS E L L - Get out now if you can before the new year.
Cause this stock is totally bearish, just look at the chart, all it says is , um meh.
Barrick Gold: Huge Buying OpportunityHello traders,
Looking at the daily chart for ABX, it is at the really critical level.
RSI is oversold for the first time in the daily chart this year, and there is confluent layer of trading volume in this trading range:
resistance (Feb 25th, 2020)
support (June 5th, 2020)
Also, XAUUSD is at 200MA in daily chart as well.
We can expect relief rally if and only if we see drop in Bitcoin and SPX. My first target will be the 200MA which is about $32-33
$B posted a marginal positive earning compared to estimates$B is projected for a slight bearish outlook after earning results, price is currently trading just below the median line.
currently at a buying zone for a swing tradeBefore the gap up on news that BUFFET bought a bundle of stocks in ABX...now is back to that zone before the news. Also spotted a Falling Wedge.
Will try some here for a swing...
ABX Trend - The price movement is slowing down - Mid RangeThe canal broke last month and the trend tend to be bullish.
In the next few days we might see a clear trend appear and we might be able to use new information in a more glabal view to take actions.
To be honnest I'm gonna wait until an oppurtunity to open to jump in.
🤑🤑ABX TO GO MEGA SHORT 🤑🤑As you can see ABX Had a massive long and is now due to go back short🤑🤑🤑💃🏽💃🏽Feel free to get on this⚡️⚡️⚡️Educational purposes only🤑🤑🤑
ABX STOCK To buythe next level of abx stocks price is 41 CAD
let’s share your love buy giving me likes and comments thank in advance.
barrick gold in canada (tsx) vs gold denominated in eurosweirdly enough i played with it and it seems better correlated with the gold/euro than the gold/usd (may 2017 to april 2018 it keeps on going up when barrick gold and gold/euro go down)
