Looking at it on a weekly chart. Continuous uptrend . Above the 314 and 200 EMAs. RSI at 59 % which is a little higher than halfway so no where near extremely overbought. We can see that on the 14th of October we hit the previous high from January 18th. This will be an area of strong resistance. The stock has now retraced back to the fib level of .382 ( $ 1.00)...
Longer Term TA
From June to September 2019 it ran 238% !
Looking to enter with the below confirmations:
Bullish MACD Crossover on a 3 day candle
ADX and Green bars to change to green with increased momentum.
Short Term TA
Considering it has increased by 44% in 26 days, people may take profits now and/or after 2019. It has pushed through the 200 and 314 EMA's which is very bullish, waiting for it to push through and hold above the previous resistance line $0.45 This is where we got rejected and retraced considerably. If we hold support and begin trending between the...
Similar case for EVN. Long term up-trending stock. Up 40% since January 2018 if swing traded on a 3 day candle. Similar requirements for an entry as to SAR.
ADX to increase in momentum with green bars
Confirmation of support (currently at $3.53)
A wonderful stock to hold long term. Also a "easy" stock to swing trade ( 70% gains since April 2018 if traded patiently on a 3 day candle). This stock has found support at the $2.87 range.
Confirmation of a buy pending on:
Bullish MACD Crossover
ADX and Green Bars to increase and change from Red to Green.
Hold existing support line ( another higher low,...
We are seeing higher lows which indicates a "uptrend"
For confirmation to buy more we need to:
Hold support at $2135
An increase in green bars and ADX to increase momentum
A bullish MACD Crossover
Gold this year ran a maximum of 29% (currently 28% since January 2019)
Silver on the weekly chart is finding support at the $24 AUS level.
We see an trend line holding (.0382 Fib Retracement)
Holding above the 30 EMA line
For a confirmation to buy more we need to see:
A bullish MACD crossover
ADX Green bars and momentum to increase.
Silver this year ran a maximum of 28% (currently 23% since January 2019)
Nova Minerals has had a great run, we are now seeing a possible double top formation, and i am looking for a healthy retrace for a move higher. RSI is extremely overbought. We haven't made a higher high on the hourly, so we need to look closely to see. I dont think there is much room for a further increase until we cool off a bit. Worth keeping an eye on !
Short on SAR/ASX. All indicators have been displaying an exit/no buy for at least 6 days now. MACD, and Momentum indicator clearly showing short term exists. RSI is quite over sold on the 3 day candle which is good. Looking for possibly entries within the major support zone which is also correlated along the 200 and 314 averages.
FOR EDUCATIONAL PURPOSES ONLY.
Currently short on EVN. We failed to break above my resistance line and now have made a lower low, meaning a possible trend reversal. I have drawn a major channel indicating major trend support lines. Currently running a fib retracement and looking to see if we find support on previous highs, the 200 and 314 moving averages. Not worth speculating at this stage,...