I just took my gains on the short idea that I published on CRON -2.79% a couple days ago. Right now I believe the stock can bounce on the channel and price shows a falling wedge pattern. MACD is crossing as well and shows sign of a bullish opportunity. I believe that the general sentiment on pot stocks is still fairly positive. However, there is a lot of...
I previously explained the fundamentals on why EA is a strong BUY for a Swing-Trade. We could go back to the $130 level. Here we have a nice triple bottom pattern that could lead to a nice breakout - supported by the release of the new Battlefield game. If price doesn't break resistance, we could see a retest of the resistance - but it is unlikely.
RNX could bounce tomorrow based on support/resistance and Fibonacci retracements. Share has soared following news of new possibilities of exploitation in Australia (just check the news). After being clearly overbought, it got seriously corrected. But I believe it is possible to catch a bounce and place a short-term long. Trade safe guys!
Technicals - CRON 9.78% broke out of a strong resistance today but failed to hold. Price is back within the parallel channel . In addition, RSI is diverging from price action. These are really simple, but strong bearish signals. Fundamentals - Following the success of Tilray 38.12% , CRON 9.78% soared two days in a row, breaking new highs. However, no...
Technicals - Nice Cypher on Nemaska Lithium, Stock is currently at a strong resistance point, good time to buy. Fundamentals - After Morgan-Stanley's report on lithium, NMX dropped seriously low from its $2.44 pic. However, Nemaska Lithium is developing a different commercial model than other lithium producers. It is also backed by the government and...
My outlook on gold has been bullish for the last 2 weeks or so. Right now, I believe the consolidation phase is at its end. As we can see in this nice triangle pattern, gold is ready for a breakout. I believe price could go back to 1250. See my previous ideas for more details on why I am bullish on GOLD.
SHORT on SP500? Technically, the SP500 just finished its 5th extension, hitting the upper limit of the channel, indicating downward pressure since it didn't break above. I believe price is moving towards the (A) correction leg. In addition, price just passed below the 15EMA, another indication of a bearish sentiment. Fundamentally, watch out for trade talks...
Institutional investors are getting ready to take profit and cover their shorts on gold. Price could spike. Price is hitting a strong resistance and about to cross the 180 days MA. If break is confirmed, a safe entry is possible. Based on my wave count and aggressive method, I'm aiming for entry at the1195. I believe we could reach the 1225 resistance level...
Gold is currently moving within a channel. As I highlighted on the chart, the 180SMA is overlapping the upper limit of the channel. As I explained in previous ideas, I currently have a bullish look on gold (read fundamentals). IF price manages to break above the channel and the SMA, that would be a good confirmation for me to buy in. If price bounces back...
NUGT is ready to go up in a C correction wave as it is finding support around 1330. We can aim for an entry at that level and a TP around the 50-61% retracement. For details on GOLD, refer to my previous idea, it is very detailed.
Fundamentals - EA dropped more than 13% in two days following the announcement of delays in the release of the new Battlefield game despite EPS and Revenue still really strong. I believe that market overreacted and that buying this dip is a good short-term outlook for a 5-10% gain. In addition, Bloomberg published a review indicating that this small delay is not...
Fundamentals - GOLD and JPY are both assets used as safe heavens and therefore are strongly correlated. Lately, there has been a strong divergence when gold dipped. This could indicate that gold is underpriced. In addition, the shadow of a trade war and Trump's comments are worrying investors who are looking at tensions combined with a really high financial...
GOLD AND JPY are two "safe heavens" that are heavily correlated. Since Gold's dip, there is a strong divergence between the two assets indicating a potential rally in gold. In addition, markets are at all time high and trade tensions are escalating. Investors could look at lower-risk asset classes such as gold. I believe a swing trade in gold is a go - I am...
Bullish breakout on TNA - Price is within an ascending channel and forms a good triangle pattern. We are really close to breaking that triangle. I advise watching for a long opportunity. However, be aware of political/commercial tensions that could bring the markets down easily.
Nemaska Lithium TECHNICALS - We have a clear cypher pattern on the long-term chart. And the $0.65-0.70 zone is a strong resistance. This is a strong sign for a trend reversal . FUNDAMENTALS - Nemaska Lithium is a Canadian company sitting on one of the biggest lithium deposits in the world. The First production is expected to be sold in 2019, the last annual...
XAUUSD is hitting the lower limit of a strong Parallel Channel. I believe price could bounce. See targets in blue.
Good flag on EUR/JPY, watch for fundamentals tomorrow. I'm aiming for the previous resistance as a safe target.
USD/ZAR presents a nice short, as recent gains in USD may not be sustainable. Price broke above the parallel channel , I believe the pair is overpriced. A nice Bat-Pattern indicates a good short back in the channel. Target around 12.0000 Fundamentally , rate increase and the US 10 year treasury yield at its highest since 2014 provoked such a hike. Take...