On my watch list. Could be bottoming. Will move to top of triangle next if so.
I'm long on CTAG. After extreme selling and a bull squeeze the SP held its 200MA for a long time before it broke but was swiftly stabelised on the 78% Fib line. Yesterday the company released news indicating that it's product will likely be ready this month and this drive a huge volume and bounce re-taking the 200MA and challenging the downward trendline. If this...
Progress halted by a double top in the 2.7 area. Outlook changed from long to neutral/short in the near term. A period of consolidation.
Break above 200MA on weekly chart plus fundamentals stacked in its favour for a long move up towards $4+
Broken descending trendline this morning - as long as it avoids the double top at 2.73 then I'd be looking upwards towards 2.87 now. After that I think a bigger consolidation may be due though.
Close to the end of this period of consolidation. Should continue in the prevailing direction (up).
Long term trend lines needed to make sense of current price action. Can only see this falling further.
It's think we may see Gold continue to fall with USD strength to around $1100 which is the long term trendline on the monthly chart here.
Incredible interest in this stock from both bulls and bears. A real tug-o-war. SUPPORT looks strong at 8, and the 200MA at 7p would take some knocking over potentially.
Very likely a double top appering. The 200MA if not the prior high pivot will create the resistance. Short back towards 325.
Very likely a double top appering. The 200MA if not the prior high pivot will create the resistance. Short back towards 325.
Couple of attacks on the 20p resistance level already and just starting to show signs of interest once again at these levels. Actually quite a large gap to fill on the chart if it breaks 20p.
Broken through all lines of resistance. Clear blue ahead, Copper producer where SP is geared to the rise of the commodity pretty closely. I believe we will see Copper move a lot higher and so will this stock.
Current wave has comprehensively consolidated following Fib retrace to around 61%. Pennant style set-up with 50DMA providing resistance at the top. The MACD has just crossed upwards, RSI on the edge of breakline and volume looks strong. The momentum could be here for at least a breakout of the current pattern with an upward target around 56p.
Continues to be a short opportunity for Silver now the 200DMA has fallen on the daily chart. The next area I'm looking at is this pivot area at $16 which provided a strong resistance prior to becoming a strong support in the early stages of the rise this year.
Tracks copper beautifully. Any copper bulls should go long on Kaz and come back in a few months hundreds of % up.