DavidTammari

DavidTammari

Bulls losing momentum. Breaking out of the wedge. MACD bearish divergence.

DavidTammari

Bears losing momentum. Breaking out of the wedge. MACD bullish divergence.

DavidTammari

Once again, lower lows. Break of short-term uptrend line. Could this be the time we finally see the long-term support zone broken? Hard to say but this has certainly proven to be a terrible investment.

DavidTammari

Trendlines : Two downtrend lines since August are still intact. Longer-term uptrend line broken, price went above but now back below. The bulls just seem powerless. Support/Resistance : $1676 support. Moving Averages : Below all major MA’s: EMA 9, SMA 20, 50, 100, 200. Did not include them on the chart as they are trendless and a mess at this point. Gold is...

DavidTammari

Trendlines : Long term uptrend line broken. Short-term downtrend line in place since June, has slight confluence with 50 day MA. Support/Resistance : $30.13650 (~$30) resistance and $21.66265 (~$22) support. Range has held since July 2020. $20 also significant whole number that could hold as support. Moving Averages : Below all major MA’s: EMA 9, SMA 20, 50,...

DavidTammari

Trendlines : Longer term uptrend line broken. Downtrend line in place. Until it breaks, appears to be headed much lower. Support/Resistance : $169.95 support area broken. Only support with the same level of significance is $129.77. Moving Averages : Below all major MA’s: EMA 9, SMA 20, 50, 100, 200. Although fundamental analysts might argue this stock is...

DavidTammari

Trendlines : Downtrend lines in place. Until they break, appears to be headed much lower. Support/Resistance : $41.93-$43.24 support area broken. Moving Averages : Below all major MA’s: EMA 9, SMA 20, 50, 100, 200. Chart looks like death. Bearish unless shorter-term downtrend line breaks. $35 price target. GDXJ will lead Gold lower.

DavidTammari

Trendlines : Pretty straightforward uptrend. Bull market intact since March 2020, stronger trendline in place since October 2020. Moving Averages : Back above all major MA’s: EMA 9, SMA 20, 50, 100, 200. Uptrend shows some confluence with the 50 SMA. Sometimes, it doesn't need to be overcomplicated. The trend is your friend. Stay in equities. Interest rates...

DavidTammari

Trendlines : All downtrend lines that can be drawn from high of $64,895.22 and below have been broken. New uptrend line support. Support/Resistance : $41,341.57-$43,021.00 resistance area broken. Moving Averages : New uptrend line confluence with the 20 SMA. 200 SMA finally broken. Above all major MA’s: EMA 9, SMA 20, 50, 100, 200. Short-term bullish unless new...

DavidTammari

Gold has been a complete and total mess the last 12 months. There is no clear direction, only confusion. Lets try to make sense of it. Two downtrend lines since August are still intact. Two shorter-term uptrend lines broken. The bulls just seem powerless. There is also a longer-term uptrend line in place since about May of 2019 which was penetrated in the flash...

DavidTammari

Trendlines : All downtrend lines that can be drawn from $172.25 and below have been broken. Last downtrend line drawn above and has been broken as well. Support/Resistance : $153.16-$154.63 is a possible resistance zone that could pause this rally however, given the rallying dollar and narrative of economic slowdown, we could certainly retest $172.25. Moving...

DavidTammari

Trendlines : All downtrend lines that can be drawn from 102.992 and below have been broken. Last downtrend line drawn above and has been broken as well. New uptrend line support. Bullish to 95 unless new uptrend line breaks. Support/Resistance : 93.437 penetrated. Next resistance 94.742. Moving Averages : new uptrend line confluence with the 50 SMA. Above all...