Following on from last Junes call to get long at $200 pre-split, the next value entry point i'm looking at is $300.
Big volume node at 300 lines up with lower bands on the daily (nearly 3 SD from daily 20 VWMA). Trending up on weekly, 300 is centre of the channel and the 20 VWMA which is a good pull back for a strong uptrend.
Not much else to say apart from with...
Gold is teetering on the edge of volume node, any decline in price should send it quickly through the LVN to value buy in the bottom of the daily bands at 1810-1840.
Weekly trend up and price has pulled back to VWMA.
Macro outlook good for gold.
Tech sell off, huge volume support at 10600 which was 2 SD from VWMA and back to anchored VWAP from June.
Weekly has brought price back to the centre of the channel, still trending up.
No reason for tech to collapse. nothing has changed, just some rotation after a huge rally. Everyone wants a pull back but when it comes they are too scared to act.
Value has moved down with price which is bearish, but it has left some poor structure with several distributions above. Price touched the previous balance area- marked in yellow-before being rejected so a bounce here is likely. There are several virgin volume POCs below to hunt down with targets being 25615, 25250, and 24770.
Hit upper trendiness of both formations, looking for reversal back into the range and move to lower trend lines in the coming months, unless a sustained break above invalidates.
MO has big negative divergence and the summation index will also turn down with a good sell off.
In the recent pullback price has dropped to the Value Area Low for the period from 2013 onwards, and right to the bottom of the profile where a low volume node stopped the drop since Feb 16. It is also the location of the yearly S2 pivot.
Buying now represents great value in relation to the last 6 years prices, and for long term investors in particular. Placement...
This is the set up I use to monitor market internals. Top chart is TICKI- which is for the DJI. This can be swapped for the NYSE TICK if preferred. Next is UVOL-DVOL study, with the yellow line being the zero. Bottom screen ADD, again yellow is the zero.
If you've never used these before, try having them up for a few weeks and see how the market behaves when they...
As annotated on the chart, weekly pivots combined with volume profile and VWAP bands can give high % entries.
On responsive days, VWAP bands give accurate points of entry for a move back to the current VWAP or POC.
Be wise to the the of day that is developing, and use the appropriate strategy. For example on trend days do not play for responsive moves as...
SLP is up over 70% from when I first posted, and last week their broker (Liberum Capital) has raised target from 35p to 68p and potential 106p, based on a 'considerably undervalued tail of production'.
All good news, along with Platinum and Palladium prices holding strong.
Chart shows value building higher, buy the dips!
Evraz still in a strong uptrend, converting all pivots to support and with huge volume support below. Big sign of strength when it went ex divi and immediately clawed itself back up to price before the drop. Dividend is still massive (around 12-14%). Buy the dips.
EVRAZ is pushing its ATH- which was last years YR3. As can be expected there are some signs of profit taking at this level but shares are being bought up immediately and if this continues EVR will break its ATH into clear skies. 603 is the YR1 pivot. Looking at last year there was a major pullback each time EVR reached a yearly pivot so waiting for a weekly close...
Price has reached the area of the YR1 pivot and is building value in this area, as the profile shows the development of a high volume node. A rejection would push price back down to the POC at 25400 initially and then 24600. Profile shows a nice positive skew (P shape) as it continually builds value higher, so this is bullish. A daily then weekly close above the...
Triad is inside and up on monthly and weekly timeframes, and in full timeframe continuity to the upside.
This company has excellent fundamentals including a large amount of cash equal to over 30% of its current valuation. Currently hugely undervalued due to some legal complications- a former board member taking the company to court- however with the high court...
Another strong week, once again we didn't drop below the weekly pivot so bullish all week.
We had a weekly close above the monthly R1= bullish.
YR1P is at 26284, however it is in a low volume node and price could use quickly through to 26400, which was last years R1 pivot.
Volume profile showing nice positive skew and still building value higher. The profile...