African Rainbow Minerals has been moving nicely in the downtrend. It was only a few points away from the take profit, before the price turned up. It's safe to move the stop loss above the trend line now as this will signal a change in trend to the upside. This way, we can look for longs if the break occurs.
STXRES broke back into the channel and retestd the resistance line. Bottom of the channel as a target is not a possibility. No position
M Formation formed on the daily and we are just waiting for the price to break below the neckline. 21>7- Bearish Price <200 - Bearish RSI <50 lower highs Target R1.08 CONCERNS: Many resource companies are showing downside to come. It seems like smart money knows something the public doesn't. This corresponds to the strengthening dollar. Ever since the US...
Large H&S since May 2022 formed which gave a Medium term trade. Since it broke down, I know it would take a longer period for the price to drop due to the size of the formation. Remember, companies will try everything in their power to keep the price up and without a strong negative catalyst, the formation will either play out or forma another pattern in the...
Cup and Handle is forming with Alphamin Resources. We need the price to break above the Brim level before we action this. 21> 7 Price >200 - Mixed RSI>50 - Bull divergence Target R18.78 CONCERNS: Price action shows an unhealthy chart - Volatile candles. Sideways consolidation for extended periods of time Low liquidity (Volume). Not what I use to trade but I...
This may come as a shock to all of you but we are at the lower end of the market historically, and we have begun to see the rapid decline of market trends. Long positions are being made which is why we are seeing such a short market to buy up all the great pricing for a swing to the 100s in the mid-year rise. this cycle will place us in new market highs pretty soon.
This channel is holding up pretty well with the top and the bottom of the channel being tested multiple times. Best case scenario is support holds up once again and and we test the top of the channel Worst case is this ends up being a bear flag, support breaks to the downside and we test support levels lower down (blue lines) If you go long, impliment a stop...
STXRES reached the top of what looks like a descending channel. Some resistance is expected. Will the bottom of the channel be tested again or could we see a break of the upper channel resistance line ? Neutral right now.
Channel support on the Satrix Resources ETF seemed to have held. Possible target could be the top of the channel. I have a position. Be nimble in these volatile markets.
#BRL Bathurst Resources 1.54 - Watch the 1.67 area for retracement before next and possibly final wave.
After a period of some consolidation it looks like price broke the downtrend and the recent high of 9600 could become a target.
Might have something to do with the expectation that some resources might actually do well in a hawkish Fed environment (rising interest rates). Gold, silver and copper are my resources of choice for a higher - inflation, - interest rate environment.
Antero Resources - AR - Dollar Cost Average swing into 2022? Moving average momentum creating support level. Edutainment Purposes Only!
Vox Royalty delivered great Q3 results today, thanks in part to the Karora Resources operations. TORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for...
Bumi Resources from the perspective of Technical Analysis. If Double Bottom is valid, possible retest neckline area 504 - 520 - 560
VUL price looking to test a key resistance. Will it pullback to key support around 5.30 or continue in an ascending channel?
Given the weakness in the platinum miners and resource stocks in general in the last few weeks, it takes some bravery/optimism/fondness for punishment to start nibbling at long positions. Some resource stocks, and platinum miners in particular, are tilting bullish. Same as the related idea on JSE:IMP , with JSE:NHM : - Golden cross & bullish confirmation on...
The Natural Resources sector - here represented by BHP (in green) and Rio Tinto (RIO, in orange) - does not generally act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... only possibly during the fall in their share prices over Jul and Aug of 2018.