Expect a pullback before continuation of trend. Look for buy opportunities near lower 70s or go long if previous high is broken.
Need no further explanation. On rise from several months. In clear uptrend making regular higher highs and higher lows.
Phenomenal historical trends - can be visualized clearly in monthly charts. Just broke out of a long term range from April to December. Are we looking for another bull run?
No brainer uptrend with clear support levels - which can be used for SL.
Looks like a clean pullback so far. Going Long :)
Price trading above upper Bollinger band of 60 SMA and 3.5 std deviation. ATR is peaking as well. Seeing similar pattern of what happened with RUN and LAC earlier. Personally will not open any new position until it consolidates. And will not also close existing positions. My sentiment at present is HOLD. Will wait till next consolidation phase to add more.
Tech dump started from vaccine news seems to be slowing off. Possible bounce after few more days of consolidation. There also seems to be resistance at 12400. More bullish once it crosses above 12400.
Although recent high is more than the previous high, with respect to bollinger band, relatively lower than the previous high. Considering what happened to gold post GFC, can we expect similar pattern now as well?
Overall, I believe 6200 is the most it can drop. Breakout next two days will confirm new range of 6400 - 6900. Expect resistance at 6900-7000 range
After double bottom, XJO is forming new base.
Only time will tell. More upside if it breaches 12400-12500. More downside if it drops below 11300-11350