Breakout from channel, above 38.2 fib, second push. Carney comments without reaction. Lets see momentum next . SL daily close clearly back in channel & 4H close below swing low with momentum. Lets try to catch the trend!
Sandfire Resources NL is a mining and exploration company. Copper, gold and silver.
Developing Black Butte Copper Project in central Montana, USA.
Ascending right-angle triangle developing on the weekly. Price allow now entry with good risk/reward.
So far we could see modest pullback with decreasing volume. There are clear supports level incl. gap, Lets try to scale in with long term core position targeting .85 (and above) & short term position targeting .60.
Arafura resources ARU.ASX moving on volume with wild swings. Price created broadening formation.
Last fundamentals seem to be positive with extension of its rare earth mine.
Will we see breakout from the multiyear base ?
Promising setup developing at TLT (treasury bond ETF) at the daily timeframe.
Looking to go long with momentum or at pullback to the trendline.
First tactical target 200SMA, main target 129-130 area (measured move + 50% level of Jul-Dec 2016 move). Setup invalidated with daily close below 120.