The last setbacks were very well indicated by comparing SPX & VIX.
So, we should have also compare what's ongoing with VIX.
Values under 15 should be reached very soon, afterwards towars 12 would be last confirmation, that's something very big is coming.
Have you ever seen such a situation in the last 15-20 Years?
Not me in SPX, but in lot of other shares. And the way after leaving all this rising wedges in Price, Slow stochastic und RSI
was crystall clear.
Maybe SPX rising up to 4500 - 4600, but afterwards fall of min. 30% isn't surprising.
5th of june 2021/Dan
Cheaspeake Gold Corp. has done a long period of consolidation.
Since August 2020 shareholders have seen descending prices. But - it seems, that most of them have lot of patience.
Various breakouts are done - missing only break-out of slow stochastic.
As normal, a sharp break-out of a descending Wedge is normal, as a correction afterward maybe back to breakout...
After reaching 30 USD/oz several times, most think this would be a major resistance.
I don't believe that.
Silver has already done a very smart consolidation. Why should Silver rise every time like a rocket, when metalls needed years for recovering?
So, this small interrupt with declining prices is such as normal. Only nervous speculants asking all the time: Why...
Chesapeake Gold did a spectacular first move.
Now, consolidation phase has been set and is ongoing, harder than Silver has been hurt.
Weekly Chart shows an impressive falling wegde, corresponding with RSI & Slow Stochastic.
Investors are still believing in this company.
OBV looks very stable.
Patience is required, suppose till april 21...
The train left the station with a first move.
Vaccine effects not included yet.
Potential Head&Shoulder formation is already completed, setbacks next weeks would be nice due of confirmation H&S.
New Gold Mining was one of the high Fliyers.
Various Investment Fonds discovered this company.
In my opinion, there is a typical EW structure by weekly Chart.
Relative strenghtness to others (Newmont, Barrick) ist impressive.
(Not on the chart, but checked since march 20 an march 19.
Any comments are welcome, also for discussing.
have an nice...
Behaviour of investors & speculants are still the same.
And this behaviour is shown every day in the chart.
But not only day by day: Also week by week during a long time.
In the chart above you'll recognize very well this behaviour in period 2011 and actual.
Think, we are in intermediate top, going now pending and afterwards short increase and...
Interesting technical situation on 4h Chart.
After rapide first move, prices a pending in a wide range.
But - it seems, that old buyers are convinced, that more potential is in it.
OBV looks very good, but it seems that a many speculants are in it.
So - be aware of prices below 0.10 CAD - maybe better to wait for clear break out upwards,
have a good...
Microbot is a interesting company with interesting patents on micro robotic medicals.
Even more than 30 are granted another 20 are pending.
Further more information see on there homepage.
Meanwhile MBOT has done a hugh consolidation.
OBV looks great on long time, but on daily view seems no so bright: Means
BUT: Should we take the zone...
Saga Pure changed their business philosophy.
Focused on renevable energy, decarbonization & recycling plastic. Further more engagements are expected
The company is as an Holding Company/Wealth Management Player engaged in following companies:
Bergen Carbon (carbon fibre production prototype in test, need time for industrial machines)
Horisont Energi (going...