chrisatom

chrisatom Updated 

DJI still painting those green bricks after a lot of chop recently. no resistance up to 26700 and test off the ATH's?

chrisatom

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!

chrisatom

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.

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With the ex div last week EVR rallied all the way to the top of the BF as buyers sought to get in on the excellent dividend. Key price action will now be if the yearly pivot is breached and converted to support or it it causes a sell off.

chrisatom

Red candles aplenty, moving down to next support level around 25100. Its a short below 25700 at the moment.

chrisatom

With the decline from the YR1 pivot price has moved to the 5 month POC. Volume profile shows a positive skew with several HVN of support at 25000 and 24600 as price has built value on the rally. Price will move quickly through the low volume nodes to the next level down if these levels break. With the latest aircraft crash from Boeing, which is the Dow's heaviest...

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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...

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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...

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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...

chrisatom

Renko shows the momentum, needs a daily close below 25800 to put in the first red bricks. Until then, stay on the green road!

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100pt renko chart with support and resistance zones highlighted. Clear up to 26100 and then 26600. Don't short until you at least see some red on the daily renko!!

chrisatom Updated 

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...

chrisatom

100pt renko chart with support and resistance zones highlighted. Clear up to 26100 and then 26600. Don't short until you at least see some red on the daily renko!!

chrisatom

Inside month and a break to the upside, which after a small retest back into the range has rallied strongly for full timeframe continuity. Buy signal was at 25109. Bad idea to short until a reversal signal appears.

chrisatom

Strong uptrend, another green brick in the process of being added too. Why would you short something that looks like that? Refer to Renko charts every few days and after good sized moves to keep you on the straight and narrow. Look at the gains you would have made by going long on the first sight of a red or green brick....

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Bitcoin is consolidating and building value in the current range. Volume profile shows a negative skew and when it breaks from the current node it will move to the YFS1 pivot at 2600 or up to 6300. Price will pass quickly through the low volume areas once it breaks out. Still no trade here until it breaks out.

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We are in the 8th green week in a row. Price up on all timeframes. This week was the first time we opened close to the weekly pivot and dropped below for a few hours. However it quickly recovered above and is now past WR1 again. We are above the yearly and monthly pivot. Until the markets open or drop below the WP and hold there, there is no reason to be...

chrisatom

As mentioned in the previous chart, we expected to spend several days, if not longer, at the yearly pivot while the direction of the next move is determined. This is reflected in the building of the volume profile and change of point of control to the 24000 area. This still gives the profile a positive skew (P shape overall) as value builds higher, and with the...