The NASDAQ 100 (NDX) 'Technochasm' is still showing strong momentum on the monthly Heiken Ashi.
A correction will come; but only time will tell when that time is. I am still holding a long position until the market proves otherwise.
Some of the top Nasdaq holdings are over-valued in my humble opinion, with AMZN leading the way BUT, it certainly appears the...
PREM have reported securing a 'Grant of Exclusive Prospecting Order Zulu Lithium and Tantalum' which is great news in correlation with the demand for lithium and the coming EV boom.
Shares prices are currently at p0.313
I'm in for the long-haul!
Banacora Lithium (BCN) - London AIM, have reported a 'Lithium deposit with over 200 years of resource life' from 'the world class Sonora Lithium Project in Mexico', producing '17,500-35,000tpa Li₂CO₃ / year' of 'high quality 99.9% lithium'.
In correlation with the demand for lithium, and a current share price of p46.075...
I've already bought, and holding!
Check out the Coronavirus Crash on the Nasdaq Daily...
If you were to have rode this up from the daily breakout, you can can see the daily movement of each candle. As soon as I know the daily candle is falling below the 50MA I'm closing my position and locking in the profit. Then I'll wait and see where the market goes from there.
Individual stocks can bottom...
The NASDAQ Index from 1986 to present day monthly chart.
Here we can see the 2000 dot com bubble, the 2008 crash, the 2018 tremor, the coronavirus crash, and the 'to present' recovery and continuing bull run.
This is a monster swell! And when this wave finally breaks over, there's going to be a monster crash.
First week of the month is showing a very strong continuing bull run on the monthly chart, although I've seen strong monthly candles crumble. How high can this climb before the bubble pops? Only time will tell.
The overall market and we know is on a real knife edge. I currently do not hold a weekly position in QQQ which I'm kicking myself for right not but there you go. My general approach to the market right now is taking buy positions on the weekly chart buying after the dips and looking to close at the end of the week to avoid dips that may become crashes.
I'm looking for the AUD weekly candle to bounce and continue the bull run. The AUDUSD is generally the only FX pair that I follow over the long term because it is the best trending forex pair. I do not make predictions, I simply follow. I do not currently hold a long position in AUSUSD.