The action since 2017 could be seen as a cup with handle pattern. The action since 2012 looks like a large "W" pattern. There is overhead resistance. I think intermediate term 34-35 is possible. Up about 13% so far today.
Process you r way.
From Zack: " Tronox Holdings plc is a vertically integrated mining and inorganic chemical business. The company mines and...
Reasons why I think this may well happen:
1. On the daily chart c=.62 x a (a fairly common event)
2. On the 2 hour chart .c=.a (a fairly common event)
3. On the weekly chart price is almost to the midline of the channel
4. On the weekly chart we have a positive reversal on the RSI.
5. On the daily chart we have positive reversal on the RSI followed by a bullish...
AR is a major natural gas provider. NG is taking over from coal many electricity power plants.
If it looks like the price today closes above the channel that could be seen as a signal. Potential target range on the weekly chart.
PROCESS YOUR Way.
Have a great weekend.
Many contracting triangles have 5 waves: a-b-c-d-e. Occasionally the 5th wave will itself be made up of 5 waves which gives a total of 9 waves: a-b-c-d-e-f-g-h-i. That is what I favor is happening currently with palladium futures. If correct we should see a up swing soon.
Process your way.
PALL is a stock that can be used to trade palladium if you do not trade futures.
Electronics industry. Looks promising to me. On the weekly looks like a large "W". Todays gap up may close. Process your way.
Have a great week.
"Smart Global Holdings Inc. is a designer, manufacturer and supplier of electronic subsystems to OEMs. It engaged in the computer, industrial, networking, telecommunications, aerospace and defense markets....
The recent price action of the US Dollar Index (DXY) appears to me to be a excellent example of what in EWT is called an Ending Diagonal Triangle. In EWT normally the 5th wave is composed of 5 sub-waves that do not overlap. (Which in this example I have labeled .1,.2,.3,.4,.5). But in this type of ascending triangle formation they do overlap and each sub-wave...
This chart looks promising to me. I've drawn 2 channels. The blue one is based on the (3) and the black on the "B" level. Notice the mid line on the blue channel appears to act as a support/resistance line at multiple sites (marked with rectangles). I would think that would add validity to the channel.?? Have any of you read this or believe this is true?? Would...
Good day. For those who follow me remember I took some profits in silver at "d" The price is now at a good point for "e" if this is a contracting triangle as it appears to be. Watch closely for price action soon that suggests a reversal.
As always process your way.
F/U from March 14 post (link below).
Calling tops is often a losing guess. But here is why I think it may be in.
1. Recent high is at the weekly channel upper line.
2. Recent high of 234 is at very close to the (5) = 2.618 level.
3. On 4 hour chart the last major wave up high is at the channel midline.
4. On the 1 hour it looks like a head and shoulders top may be...
There was a disappointing drop in price after my first posting. (see link below). Since then there has been very encouraging news on one of its drugs. The good news: Although in small trials, the drug appears to be very helpful in assisting treatment in severe infections with Covid-19. Bad news: multiple law firms are suing CYDY as these opportunistic firms do. ...
From yesterdays post you can see I am longer term bearish. But shorter term I see 2 distinct views, one bullish the other bearish. We have to see how to wait to see if price breaks up or down out of the smaller trangle in the left chart.