Strong buy... Silver equivalent sales up circa 25% the decline in earnings has bottomed and FRES is now coming out the other side with the potential of some serious cash accruals.
Looks to me like a healthy correction, now bounced of support of the 200 ma line and also previous top and is again above the main support. Nice R/R ration of 2.22
When a diagonal pattern completes, it can retrace the entire move in between a third of the time and half of the time it took to form.
Let's see if this happens...
I like this pattern, in other TA metrics that are mine this has triggered long a while back, Is the chart telling us that decision from the UK gooberment are going to do something? ..brown envelope ahoy ...GL ..I'm already long wish me luck..
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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
As long as the price doesn't go lower than the £420–£415 level, then the ending diagnal pattern looks on. However, if the price breaks below that level, then another pattern could be playing out.
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply &...
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply &...
After a formation of a double bottom, we can see the price crossing the two resistance levels.
Making a Gap on Thurdays Open.
DMI is showing some bullish strength, RSI is at an extreme of overbought. Volume is increasing right now, after decreasing on Thursdays.
WIth these factors, the price it will probably try to close the gap or even test the new support level.
══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
3 month sessio might be a bit long term for alot of people but the fundamentals are also supporting this one.
Penny stock Gold Producer about to take the leap into mid tier status. Watch for news about the current contractor dispute as once resolved the DCF valuations will become the driver of the market valuation.
This is the one that could change your life.
Weekly chart, the stock is facing a long-term resistance line (started Jan 2014, dashed grey-colored line); so it needs strong bullish power to beat.
After crossing this resistance, the target will be 615
Technical indicators: MACD is positive, RSI is showing over-bought - which indicates tendency to have some correction.
looks like it’s either completed an Ending Diagonal in a 5th wave or it needs one more move down for its completion.
Either way, with the massive negative divergence shown in the RSI, it looks ready for a big move up.
══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
