After Sharp decline due to several reasons (mainly leaded by COVID) the main German Index dis an impressive revovery.
But not supported in many factors, even no evident fundamental reasons. German Industries still fighting with strong energy prices, lower produstion in automobiles/automotives with strongest contest to chinese markets.
All in all: Expect near...
Dax did some very sharp moves, but major decicision where made.
Seems that we go up a little bit more, afterwards I guess some days small range up/down, afterwards down again.
Let me no your opinion.
What you see is what you get.
Expect setback around 4-8%. Afterwards rising prices.
There must be insider knowledge which will be soon reach the normal one.
Together with rising silver prices , very strong buy.
this Chart tries to show the interaction between Oil Price WTI & Chevron.
As you all know, Mr. Warren Buffett invested lot of money during last two years in this company.
As you also know, CVX sells also gaz, not only oil, and for shure - gaz still very high, but NOT on Top.
CVX only is near to top.
Then: Look at the indicators. Negative Divergence all...
USDJPY did a long uptrend.
USD against all majors and minors now weak.
Sharp movement downwards expect also due of no new carry trades.
second test about 145
Then very sharp back to 140
let me now your opinion.
USDJPY looks very toppish now.
Several consitions are prepared for a correction with target around 139-140.
Maybe but necessary is an short retest/new year high around 152-153.
High Quality of consolidation due of rising OBV last weeks and good triangle consolidation.
Also last consolidations with falling wedges showing how market is ongoing of rebalancing this share.
For sure, the company now have to bring huge revenues in 2022, because dept is very high.
But liquidity has been safed last dec.
So let's wait for 24 of feb - the it will...
Mail shareholders still is this stock. Management reinforced and Mr Pangbourne with a lot of money in this stock.
Consolidation ongoing, and with rising silver prices, this stock is going to explode - as hit has done years before.
Falling wedge, sinking volatility best signs.
Target first an min. 8 usd in 2022.
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