Definite watchlist Ascending triangle base forming Price has been trading above 20MA Enter on a close above 12c
Watchlist Price moving out of the downtrend Price is tracking above the 20MA Pretty low volume at the moment, could turn very interesting if volume turns up May see some sideways movements before a break Watch for the break of 6.5c
BHP Group in South Africa broke down towards the end of Feb from a rising bullish channel that was in place since early 2016. After breaking down from this channel, the stock dropped a further R100 very rapidly in the space of 2 weeks before bottoming out on high volume. The stock has spent the better part of 4 weeks regaining this massive drop, but i believe this...
Price is ranging right now within the green box. Support looks like it should hold. There may be larger powers at be that do not want crude to fall back below $25. Decent bounce off $2.50 support. I think it's safe to assume it'll hold for now. $2.78 resistance needs to break in order to continue trend upwards. Ultimately depends on the outcome of the OPEC...
Hello, on daily 50ma lower than 100 and 200, strong down trend on this with no positive divergence on macd or RSI. however the RSI is becoming oversold. There is some longer term support between the 1.18 and 1.27 (in yellow) the last burst in the second half of 2019. this burst was a lower high than the previous one. I see this resistance as the line in the...
50 MA recently crossed 100 MA. Nice support at .225 range. I would to add in this area if interested. Could see a quick retest of .295 sooner than later. Stop loss - .22 short leash on this one as I think if .22 goes you could get .20's.
A technical pattern which has had a virtually 100% success rate is in effect now: look for positive and negative divergence on the CCI, coupled with a PPO-9EMA crossover and a break of support or resistance. There has not been a crossover on the PPO yet but it is flattening out nonetheless. Right now I highly suggest scaling into UGAZ and setting a stop below the...
The resources sector has been trading in an upward channel since 2016. Price has now reached the overbought line again and we could see a correction after a pinbar has formed.
Target 25.52 Stop loss: 16.83
TECHNICAL For the past year, EMX Royalty Corporation NYSE: EMX has traded in a range between $1 - $1.50 despite all the gyrations throughout the resource and precious metals mining sector. While many Jr. mining stocks have had a tough go of it for the most part with the exception of the very strongest names within the group, EMX has held-up and continues to...
Following previous trend and resistances combined with fundamental analysis, it is expected to grow X220%.
Explanation in the chart. Not an area i would be getting involved in commodity stocks on the JSE. Probability favours consolidation and a retracement in the sector.
The JSE Resources sector has had a sharp increase from the oversold trendline (See post below). It is now testing the overbought line of the advance. Will watch for the reaction at this line.
Good morning. With the cryptocurrency and weed markets still in consolidation, I've been sitting on cash waiting for a good long term set up. Uranium is probably the most hated market of all right now. It's seen nothing but downside for the past 11 years, but is beginning to show hope with this setup. While AMEX:URA isn't a perfect tracker of the Uranium...
The JSE Resources 10 Index has had a sharp decline and is approaching the demand line of the upward trend that started at the beginning of 2016. However, the decline to the demand line has been more dramatic than any other declines into the trend line. Will be watching for the reaction to determine if the upward stride will continue.
Positive divergence on the RSI. MACD cross happening on the monthly. This could be an easy 3x medium term !! Fasten your seat belts !!
I am very excited that the Johannesburg Stock Exchange (JSE) has been added to the TradingView data sources. This gives South African investors an opportunity to use the flexibility and ease of TV. As my first post I would like to highlight the performance of the Resources Sector. The South African economy was built on resources and has been under performing...
Pioneer resources which apparently has tenements bordering Novo Resources appears to have shown capitulation on the chart, first resistance point as a potential target is 2.0c with the second at 2.7c.