Silvestrov

Silvestrov

XETR:DAX was one of the few indices that still had decent relative strength recently. With break of support, things are starting to change today. More downside is likely to follow.

Silvestrov

Consolidation in OANDA:XAUUSD is taking more than a month now, with price range getting more narrower and narrower. Usually such price action precedes major trends and big question remaining is only in which direction resolution happens. We should get the answer very soon

Silvestrov

Key spot for FX:EURUSD right now. 1.17 and watch out for risk-off move in all assets being started on dollar strength.

Silvestrov

Long consolidation and several false breakouts, but in the end trend remains intact in OANDA:XAUUSD , as it is now trying to push to new ATH. Unless ~1900$ is broken upside scenarios should be favored for now.

Silvestrov

Unless OANDA:XAUUSD would be sticksaved in the upcoming hours, we are likely witnessing start of downtrend which may bring metal as low or 1700$

Silvestrov

Key time for OANDA:XAUUSD and GC1! , as gold continues to consolidate inside the triangle. Breakout above resistance at ~1970 would indicate strong possibility of trend continuation and new ATH. However, if support levels are not held, risk of much stronger and deeper pullback to at least ~1700$ is likely to be starting Somewhat similiar logic can be...

Silvestrov

With new ATH in TVC:SPX and AMEX:SPY , it is worth to remember that since 2018 such highs are later followed by new lows inside the broadening pattern. In fact, with current state of macro and fundamentals, new lows (price going ~40% lower!!!) would not be so surprising, and if history is a guide it can happen fast as well. Therefore, buyer beware!

Silvestrov

NYSE:CDE is one of the most volatile ideas in the gold mining space. So if enetered correctly it offers relatively quick and attractive rewards. Currently idea is retesting major support level, through which it broken up in early November. And if uptrend is to continue in this miner, should not go much lower than current spot. I am entering with idea to hold it...

Silvestrov

S&P futures reached major support area, which definetely needs to hold now for possibility of another ATH in 2020 Otherwise, if price is going below 3000, equity markets are in major trouble and we are likely entering phase of major bear markets and economic recession, last seen during 07-08 period. Therefore, long ideas should be attempted with major caution...

Silvestrov

Discussed that NYSE:IAG may have bottomed two weeks ago. And price action in last two days on very heavy volume supports the fact that it really did. Now it is approaching resistance zone and neckline of inverse H&S. Might rest for a while, but when resistance is cleared, nothing should stop the rally later on.

Silvestrov Updated 

NASDAQ:PZZA is attempting breakout from triangle pattern. With potential double bottom, it may lead to nice rally for the few months to come, with targets ranging from 60 to 75$. Aggresive stop @ ~48.5 should hold if the breakout is for real.

Silvestrov Updated 

NYSE:GE is not the stock you probably want to own given all the heat experienced by the company recently. But from contrarian perspective, nice levels right now to attempt speculative buy. Price retraced by 61.8% of previous bounce and is holding the line of previous resistance. Today may be the third daily candle when 7.8 is held, indicating that good support...

Silvestrov

For the last 6 months NASDAQ:GOGO is consolidating in what appears to be bullish flag. Right now price is close to multiple support levels, and with healthy MACD divergence, reasonable to expect potential bottom around current area soon enough. Thus long entry might be attempted.

Silvestrov

NASDAQ:RGLD is one of the leading stocks in gold mining industry. It started major rally earlier than majority of other miners last spring. And was one of the first stocks to caution that pullback is likely in AMEX:GDX in January 2020. Right now it sits right near major support level, and in bullish scenario this is constructive level from which new leg higher...

Silvestrov

NYSE:AEM is punished after earnigns release this morning. However good level to attempt low risk entry as price is at major support zone right now.

Silvestrov

NASDAQ:BBBY price is destroyed this morning, based on some ugly sales numbers for the chain. However, stock was more than punished for all the problems in recent years. So key question is whether future turnaround would be succesful? If it is, now might be actually good time to buy, and technical picture potentially supports it. If inverted H&S would be...

Silvestrov

Few weeks ago I mentioned that NYSE:IAG is in good area to make a bottom, and based on recent price action, good odds that bottom is already in (for bullish case to be valid). Major potential inverted H&S in the making and should not really go below 2.70$, where I am also placing my stop

Silvestrov

Week ago discussed that NYSE:AKS looks promising for low risk entry as it touched various support lines. Today, it appears that stock is breaking out of its bullish flag or "handle" in what appears to be cup&handle formation. Do not expect strong rally immediately, but should continue working higher in the upcoming weeks