A few weeks ago, I was stopped out on this chart. However, I'm seeing a better setup now and I'm willing to try it again... I will buy the $1.80s because the fib and the order book suggests this area. I also saw a red Hammer candlestick pattern which showed a bullish sign. Most traders will wait until a few days after a Hammer pattern forms to see if a rally...
As of now, the 4-hour oscillators are signaling a buy. The SMA50 has crossed above the SMA100. I'm watching for an entry very soon as I expect the 18-23 area of support to hold. My first target will be the 28-33 area (30%+ upside). This will be a swing position. Let me know any thoughts on this thanks.
The 30-35k area was strong support. As shown by this Sine Line, we can expect a higher price by summer. Keep it simple and be patient! Cheers!
Goldfinch is a groundbreaking DEFI lending company which offers great returns. This chart is at a crucial decision point. The risk/reward looks great here for a bounce within the next few days.
After a significant pullback in gold stocks, there are some good signs of strength with Gold Fields one of the strongest and above its yearly pivot point. On the pullback, buyers stepped in below R150 of GFI. Price has pushed out of the trading range formed after the pullback with some significant bars. Other gold stocks are showing similar signs. With these...
We have reached the target of the fib .382 from the 2016 bottom We have also reached the .618 of the fib from the march bottom
GDX - Miners are Ready to Rock and Roll Keeping this short and simple Daily/Weekly Set-up Entry on Pre-market Gap-up or 32.25 double bottom if we drop (which i doubt) 1st Target = 38 2nd Target = 42 Hodl target = 45+ ______________________________________________________________________________________________________________________ This content is for...
Expect a bounce. We have some confluence -bottom of the primary trend line -.786 fib retracement -200DMA -RSI 20 (during the last 2 years, every time we got this low, there was a considerable bounce)
But its January. So watch out for breakout above trendlines...
I like 1935 target for the next 5 days. But watch out for 1905
-Daily 200 SMA/EMA -Bottom of primary trend channel -Fib 1.618 of lower Distribution (or Reaccumulation) phase -2012-2013 triple top (previous bull market top if you discount the initial blow off top) -Fib 1.272 extension of BC to AR Distribution (or Reaccumulation ) phase -Supply zone at ~1800 -Lowest 4Hr RSI since Aug-2018 (Wyckoff spring and start of current...
Lets see... If it rises to the top of the channel. That would give it a whopping P.E. of 14 Not bad considering earnings growth of 25%+ over the next 5 years Also nice dividends... Most of the miners should be bought on any and all dips...
Miners have bottomed for the quarter and have already started their next leg up