goodguy

goodguy Updated 

Here is how it looks to me. I think we are finishing up on a triangle still in the 5 the wave (e). Would not be surprised to see a little more more action as "e" completes to about 22.50 to 22.80. If the triangle breaks down would look for a major drop. Thanks to Chartwatchers for the idea. (hopefully link below) Take care.

goodguy

I redid my count since previous post based on price action. Drop today to the .62 level on the news. Now have positive reversal in the daily RSI . I remain long term bullish . VANCOUVER, B.C., July 14, 2017 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems”) ( WPRT -20.36% ) ( WPRT -20.36% ) today announced the pricing of its offering of...

goodguy Updated 

This companay has gone thru a long decline from 50 to <1. In the past few months it has gone up about 300%. Personally it looks to me like it is making a 5 wave up pattern and I favor there may be one more quick pop up perhaps to the price of 3. Would go along with what I favor will happen in the IWM. But the WRPT RSI favors a retraction soon due to some profit...

goodguy

With the negative reversals in both the daily and weekly RSI I would expect more correction before the next rally.

goodguy

After last post the US Dollar has dropped as expected. Here is how the pattern looks to me at this time. Curently have a bullish divergence in the daily RSI. IFFFF the count is correct that we are at ".3" would expect a somewhat sideways consolidation here before more serious down action. If we are at ".c" then should get a a-b-c retraction before more down...

goodguy

Appears playable for short term trades.

goodguy

As you can see from the daily chart there is still a change we are in a sideways triangle prior to another rise. Need some up action soon for this to hold.

goodguy

Follow up from previous post ( see link). IFFFF correct we have a "c" wave ahead of us. They can be fast and furious. If wrong my stop is a close > than recent high (dashed horizontal line on daily chart ). Bearish engulfment candle on daily. Increasing bearish diverge on weekly RSI . If black uptrend line broken may add to position. Take care

goodguy

Had a position in DGAZ which has done well. NG may drop more but I deciced to take profits after relooking at the chart. Here is another posible course and count as compared with previous post (link below). Take care.

goodguy

Follow from recent post. In the last 3-4 days NG made a .62 up correction from recent drop. Today has started dropping again.

goodguy

Chart looks encouraging me to. Dividend 48cents/quarter= yield of 11.88%. Personally I am using a close < 14.89 as my stop. Take care. Have a good weekend.

goodguy

This is a f/u from my February post (link below). At that time price dropped to just above target I had at that time. There has been a decent rally since. The form of the recent rise looks corrective to me. And now there is a negative reversal followed by a bearish divergence in the daily RSI. Natural gas has been down now for 2 days to the up-trend line. If trend...

goodguy Updated 

RIG and NE both up quite a bit today.

goodguy Updated 

IFFF we are at e= B as the end of a large consolidation triangle then price will stay above "c". Looking for positive candlles and break of near turn down trend line to go long.

goodguy Updated 

End of March I suggested a down target for this drilling company (see link below) which has now been reached. RSI oversold still with a positive reversal. Waiting for bullish candles.

goodguy Updated 

Although I was stopped out on my last post on IWM (see link) I have not given up on my original idea. It still looks like a great place for a reversal. May still get a little more advance to 144-145. (where D=2x B ) Process your own way. Watching for a reversal pattern.

goodguy

Starting down again today. Eventually may help support price of metals and oil.

goodguy

My previous post on GDX (see link below) worked out well. The big question to me is whether we are making a sideways consolidation now such as a triangle or will there be a "c" wave down to close gaps around the 19.40 level. If a triangle is forming it could turn up at in drawn target box. Personally I will wait for a bullish candle formation on the daily and...