PerryWave

PerryWave

Consolidation breakout, next wave up. First target around 19-20 but looking for a further breakout from there ideally.

PerryWave

Multi year breakout today

PerryWave

Breakout from a range this stock has been trading in for some time now. Lot of upside.

PerryWave

long

PerryWave

once again, great risk/reward. golden cross happening soon.

PerryWave

huge risk/reward setup.. buckle up and get ready

PerryWave

you already know

PerryWave

long baby

PerryWave

Golden cross. High volume. Trend reversal. Is the beast awakening? Could there be a marathon for... marathon??

PerryWave

Consolidation is looking like it's over. Grab your boards and get ready to catch the next wave boyz.

PerryWave

As you can see, this stock has been hitting a wall at the 9.00-9.50 range for over a year now. It finally broke out. First target is 12.50-13.00 range.

PerryWave

After months of consolidating and mean reverting between a strong support and resistance zone, gold has recently made new highs and broken from the strong resistance level (last time it was at this price level was 2012). I would expect the next resistance to be around 1790-1800, which was a very strong resistance last time gold was at this level 8-9 years...

PerryWave

495-500 level proves to be a strong buy level and thus support, which it has bounced from in the past. (Outlined by green shaded line). When Wheat is trending in one direction it typically remains within an upward or downward channel as you can see historically, as well as outlined by the shaded blue channel. As you can see, it has recently broken out of this...

PerryWave Updated 

The consolidation is over! Time for the next wave up!

PerryWave

Higher lows in recent swings show bullish consolidation and formation of an ascending triangle which could also be interpreted as a bull flag nearing the breakout zone. This next test of a strong resistance around 1730 level will be very informative of the future direction of gold. I expect if price rejects this level a third time (triple top) it will break lower...

PerryWave

Could see a bounce from this channel support level. Oversold on Stochastic. The past 3 times Stochastic has come off of oversold it has proven a good long trade (as shown by the blue vertical lines). Still has strong fundamentals for the time being, going into earnings in a couple weeks. Stop at $120, Target Profit at $132 means Risk/Reward of 1:3 Thoughts?

PerryWave

Thoughts?

PerryWave Updated 

Let me be clear that I am still overall BULLISH on gold in the long term. With the recent high volume of buying we've seen over the past few days, the rally is not being able to sustain and has slowed down immensely around the 1710-1730 levels. It has formed a top at these price levels. The buyers are slowing down and I expect a brief trend reversal to the...