Ususally prefer to wait for ADX but the bottom channel has proven to be a play for quite some time. Tight Stop loss on this one.
Watching, in a heavy buy zone, ADX/DI about to cross bullish with RSI divregence. Hasnt been able to close above the 20 EMA since JUN, that will be my final buy trigger. Huge potential.
Short to around the 50 EMA with high resistance where it’s currently at and showing weakness after open.
Watching closely as it kisses my buy zone, lots of upside potential based off recent highs.
Took a long position seeing the oversold divergence in RSI with a nice kangaroo tail on the bar charts. Closed my VALE short position as these move similarly.
Got in a little prematurely and added to the position with a cross on the adx and bounce of the confirmed trendline
ODP potential bounce off 200 EMA. Tight stop loss below it.
Expect to retest the upper channel as new support.
Potential rebound for gold coming
UP THE CHANNEL WE GO
ROAD TO NEW HIGH, GOOD BOUNCE OFF 200MA
THROUGH THE CHANNEL, POSITIVE ADX
Insider and institutional buying, broke resistance, waiting for slight pullback to get back in around 27.05
Consistent heavy sell offs with lower lows.
Should come down, had a good run.
Generally a good spot for TSI RSI, should work its way back towards last high