flyinkiwi10

flyinkiwi10 Updated 

Thanks for viewing. There is a moderate bearish RSI divergence evident on the USD CAD daily. Now, the RSI is a momentum indicator, and momentum has clearly reduced of late. This is seemingly no impediment to USDCAD seeking a higher high. Steep drop, slow rise to exceed the swing high has been how things have been playing out for a while. Some points against...

flyinkiwi10 Updated 

Thanks for viewing, 1. If you entered long around the time of my previous post in October (linked) at 5756 you would be 10.5% up now, 2. There is a little way up yet (due to wave 3 of wave C being extended (finishing) and wave 4 and 5 to come, and then we should hit at around 5200 or lower. My analysis is just based on the chart and also that other regional and...

flyinkiwi10

Hi, thanks for viewing. I am not presently able to trade Copper, but it remains of interest for a few reasons. One is that the majority of silver (56%+) is produced as a byproduct of copper, lead, and zinc mines, so reductions in the price of those industrial metals may point to a slowing of production of silver. I am not sure of the numbers for gold, but at...

flyinkiwi10

Posted so I can track performance against my expectations. 100% TA Target is based on a re-test of the swing low as well as making a 1:1 extension of the height of the formation

flyinkiwi10 Updated 

Hi, I just thought I would share this trade entered over the past 2 days. I'm not quite sure show it will turn out just yet. Despite OPEC signalling it will reduce output and international sanctions reducing supply, the chart said down so I entered short. I just wanted to share some thoughts on expectations. Black is the primary (more pessimistic count) and blue...

flyinkiwi10

That's all it is at this stage. I am not looking to buy the Nikkei index, but a number of interesting individual stocks mirror this wider theme. Sort of a lower swing high being set and "one more drop" to set a higher low then off we go sort of thing. Let's see. Short to short-mid bearish, medium term to long term bullish.

flyinkiwi10 Updated 

Hello, This post is for me primarily. Here is a relatively undervalued equity paying 4% dividends and a PE of 5. Just another stock that I have decided to chart in my search for undervalued Japanese stocks. If you think US, EU etc treasury bond yields are low try a negative yield in Japan. A 10 year bond returns -0.05% (yes negative) and a 2 year -0.156 as at...

flyinkiwi10

Short term - short (but not in a position so just waiting), Medium + LT term long. Why? Well a couple of reasons. Despite the retraction in sales and profits in the construction industry in Japan as evident from Ueki's results there are some rather signs of value. I haven't even started a full accounting of undervalued Japanese stocks yet but can see that I will...

flyinkiwi10

This is just so I can track progress easily vs my expectations / buy zone. 0% fundamental and 100% technical analysis.

flyinkiwi10 Updated 

While 3.76% dividend yield isn't very high it is better than voluntarily forfeiting your money to the Japanese government in the form of negative bond yields (I apologise for my apparent lack of civic duty). Still, I expect a bit of a retrace before heading higher. This is 100% based on the chart and 0% based on fundamentals, although, I may be looking into the...

flyinkiwi10

This is just to track my purchase of AUD today. I expect it to appreciate vs the EUR and USD over the coming months; Australia is significantly exposed to commodity prices, which as showing signs of recovery, and Australia has government debt at lower levels than most of the rest of the OECD (I have seen % levels ranging fro 40.5 to 66% - depending on the source)...

flyinkiwi10

Hi all, Just a quick post to say: - I have been watching diversified commodity indexes recently as they provide meaningful diversification in any portfolio (generally a small % allocation is recommended) . - Over the past 9 years (as you can see) this has been in a strong and long-lived bear market. The bottom must be somewhere, below $13 is a good candidate...

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3 scenarios: 2 bull 1 bear. 1. Bullish upper trend-line break from first wave leading diagonal (T1 equal to or greater than $106 and T2 ~$139), 2. ABC correction (blue) following extended correction - we are currently in wave B triangle (T1 $106 for 1:1 wave A), 3. Downward breakout for additional corrective retrace. At this stage scenario 2 looks the more...

flyinkiwi10

Hello, I was just searching for low PE / oversold Japanese stocks. I am interested to see if this plays out, as it will be much better value sub 750 and well worth a look. Short to medium term short and medium term long. If you can snag some shares around 600 yen each and it retraces only 38% of the previous deep drop (2004 - 2010) - the you could go 5x easily....

flyinkiwi10 Updated 

I have revised my downside target from 82 to 83 and have indicated three possible entry points (depending on timing and appetite). I have added a trend line on the RSI that has not diverged clearly from the price trend, while higher highs have been set the RSI is showing a series of lower lows. While a lot of people don't trust or value technical analysis, RSI...

flyinkiwi10

The NYSE is the biggest and most liquid equity market in the world. It has been highly volatile since the start of 2018 and has been making lower highs and lower lows since Jan 2018. Yet there is still talk on the ongoing equity bull market in the US. From all time high in Jan 2018 to the brief low in December 2018 the drop was over 20%, meaning we are technically...

flyinkiwi10 Updated 

Hello, This how my NZD usd chart was marked up from a couple of weeks ago. The only additions are the two red dashed lines - The top one is still active (100%+ in profit), and I closed the bottom one for a 60% profit because I was paranoid about a spike in price taking out my stop at break even. Anyway, I traded this 100% on the chart and wasn't aware of the...

flyinkiwi10 Updated 

Thank for viewing, Disclosure; I haven't been tracking Nike until a couple of days ago and thought I would post this to see if I can get some feedback. I am not presently able to short trade this share so am just watching for now. I was drawn to it by recent news about presumptive Np.1 NBA draft pick Zion Williamson's and minor injury caused by a Nike shoe...