Barrick Gold has dropped a lot recently and could be due for a bounce soon. But the monthly chart of this stock doesn't look good at all. The most recent rise looks like a corrective rebound and eventually more downside coukd be in play.
Big money moving out of big cap gold stocks into Bitcoin ? It might be part of the explanation...
This chart is showing that it is the 1st year ever that the famous index price movement range in engulfing the previous 3 years range.
This illustrates well the incredible volatility that we have seen so far this year.
Also notice the important range expansion shown (recent years have seen increasingly large range), often a preceding condition of important...
5 waves completed, monthly resistance. 5 waves completed in all big cap tech leaders. Nasdaq 100 making a double top. Extreme market sentiment (smart money short while small speculators are long). Bonds near important support. Lots of things are in line for a pullback in the stock market here.
TSX Ventures Index has formed a huge wedge over the last 15 years.
It has reached the 76% Fibonacci projection and showing huge bullish divergence on monthly MACD.
Seems ready to break out on the upside with immense potential.
Highly bullish for juniors miners that constitute the core of this index (material is 37% of the index while energy is 35%).
We like the agriculture sector here with the one of the if not the largest flooding in history for the Midwest. The chart is extremely oversold on weekly and monthly time frame, the daily pattern has a lot of potential and the fundamental could be changing quickly with this flooding (more rain coming and melted snow from up north not arrived yet).
My "in house" composite index seems to have bottom right at the 88.6% retracement.
Having completed a beautiful bullish wedge, the coming rise in the following weeks should be massive.
A breakdown below the recent lows would invalidate this view.
Bitcoin has been making a base near 5800 over the last few weeks but ETH was lagging and just reached its low, near...
After a long and deep pullback, cobalt related stocks seem ready to rise significantly from their extreme oversold condition.
The chart represents a "home made" index of of stocks from the sector.
As long as the recent low (trendline) holds the Elliott wave count is highly bullish.