Interesting Stock, on the 15th of July the price made what is called in technical analysis dead cross, a signal for a beginning of a downtrend. Now it seems that the price is using the line of the moving average of the 200 periods as resistance and is entered an area between the price 381.05 and 351.05. If the price will break the level of 351.05, there is a good...
Here, I am thinking that both Boliden and copper could potentially top out of their bear bounce. And possibly come back below the trendline.
There is a divergence between RSI and other indicators, which suggests that the 4-hour top is becoming more likely.
In addition, the current macroeconomic conditions are worse than usual, and generally speaking, September...
$BOL - Boliden seems to just have cleared the downward sloping resistance. 1 or 2 more closes above should set the scene for a harmonices AB=CD move. With the goal of 498. Could take a while to get there. Stop loss under the long term rising support.
Taking short position in belief that the Head and Shoulder formation will be effected. Bearish Marubozu/MA-20 cross after resistance level (5/8), charging phase and strong red Candle hopefully starting the fall down to 302. If so, the Head and Shoulder formation is completed and a continued fall down to level of support at 270 is to be expected.
Target, 302 and...
Sharing my thoughts and observations on BOL in this chart. Stop loss has been placed on what I think is the top of Minor Wave 1 (observed in H1) within Intermediate Wave 1 on Wave 5.
1. There is selling climax at number 1 on the chart, small investors, for fear of strong declines, sell their stocks. During this, large investors started the buying process.
2. There is a large volume on the downward wave, but the price does not move lower, it means that while one side of the market was selling their stocks intensively - the other side of the...
From a positive optimistic view these is definately a view with a little volitility inbetween for Boliden to reach 326 again and have a tight stop in around 300 over the next 3-6 months
+ global copper market was in a deficit last year.(2018)
* Bounced of lower level support..
* good dividend
* dollar weakness
* Electric car demand--
*- Chinese economy...
+ global copper market was in a deficit last year.(2018)
* Bounced of lower level support..
* good dividend
* dollar weakness
* Electric car demand--
*- Chinese economy weakness
*- Dollar strength
* The Bubble that is supposed to deflate/pop
The market is unsure? So a small post to begin with...or are we reaching the blow of top where commodities outperform.....
We are looking at a really nice Butterfly forming in Boliden on the hourly timeframe.
The B point has been broken on the downside so there is a small window off bearish opportunity as well on it´s way down to D completion.
