Good chance the trend has changed here.
Will be looking to enter a long if we get a breakout, retest and resumption of the purple trendline.
I expect this to happen in the next few days.
If we can flip the Purple line to support I see a run to new all time highs for the rest of the year.
Looking for gold to put in a cycle low around September 7th before a strong move higher.
Will be looking for longs inside the green rectangle early September.
Keep an eye open this is a nice opportunity I think.
I’m half expecting this to find support inside the yellow circle. If it starts to trade sideways there, I will be looking for longs with a tight stop as always.
Mcap is tiny so I think we have plenty of room above. We will know for sure in a few days.
Swing trade idea - Long BOO.
I’m took this position first thing this morning after reading the RNS - Another impressive set of results.
Looking to continue boucing off the 50MA before breaking out to retest all time highs.
Run the stop where you like. Below the MAs or below the lower trend line.
Swing trade idea, Long CREO.
Looking for the pitchfork to continue holding.
Exit if the pitchfork is broken to the downside.
First target at the median line of the pitchfork.
Second target at the top of the pitchfork.