djmitchb

djmitchb

Double top daily at 61.8. back inside the symmetrical wedge, bearish macd and rsi (second top printed lower values) Gap between $32-$33 where I am looking to buy levels = $36 200DMA, not tested since break out in may 2019 of the wedge base. $33 100WMA

djmitchb

Another addition to the speculative miner stocks. This stock is almost ready to move out of the downtrend. We are in a big falling wedge, volume has been increasing in the area between .008 and .004. Waiting for re-test of 200DMA. and for the RSI to cool off + print divergence.

djmitchb

For this one I have highlighted 2 buy zones which are -20% from where we are, we have a shooting star candle today at the 61.8 of the high and low of the bullish falling wedge we are currently in RSI and MACD continue to move upwards even though right now we have broken outside of this wedge the volume was subideal and we have room to pull back here. Target is...

djmitchb

First target hit at 50.5. possible bounce here on this strong area of support, eventually we will break down through it. still plenty of room on the downside for RSI/MACD. It should not take so long to hit the next target at 45$. lets see

djmitchb Updated 

lets not forget we are in a massive bear market on oil since the top in 2008. the wedge which is a bear flag starting in 2014 is now complete in terms of satisfying touches and we are coming into the apex of it. drawing a fib from the low in 2016 to the high in late 2018 we have many levels to test. we should at least be making a retest of the .5 fib retracement...

djmitchb

good opportunity here on this small stock. We are in a solid bull trend since it was listed. the moves are getting bigger and I believe we may start a megaphone pattern as shown in blue. From the weekly trend line we are respecting the lower line well. we have made a test of this line on the 24th of december the same area as the 61.8 from the last 400% move and...

djmitchb

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...

djmitchb

Firstly I am not overall a gold/silver bear. I am very bullish in the medium term, but we have had a huge run up from the 14$ and we need to retest some areas before another leg up. I update my previous idea however silver has just been mostly sideways for the past few weeks. What has changed is that the negative divergence continues to build and we are still in...

djmitchb

Troy TRY resources is weak, I see zero sign of an uptrend beginning for the moment. MACD and RSI point downwards and we are coming to test a support line for the 5th time and for sure we will break it this time. the next level is -40% from here at the last known low from 1990. I put an alert at this level and wait to see the reaction and any divergence if it's...

djmitchb

There is a 10 bag opportunity here on ASX stock AVZ Firstly I made another analysis in support of this idea. This is a lithium stock and I've analyzed and shared the major lithium etf in another post. I’ve made a shorter term analysis here on the daily however please zoom the chart out to see the pattern cup and handle. If this pattern is real and executed in...

djmitchb

Hello, Lithium global etf continues to be in a larger bull trend since late 2015 bottom at 14$ we broke out of a long downtrend in october 2019 and continue to stay in the bigger channel upwards Right now we are overbought and will re-trace before another leg up. the 50Daily MA is firmly above the 100Daily and the 200Daily average. based on the cycles of...

djmitchb

Hello, For this stock we have seen a recent break of a downward channel from 2016. volume confirms that this break is real and looks to be the reversal of a long downtrend. however the stock has gone up 500% since Aug 2019. Now the market will come back to test the breakout and potentially lower. shake out of weak hands/fomo buyers etc. from the analysis we have...

djmitchb

I recently posted a chart of silver showing the bearish case, I also shared a bullish case for the dollar. In order to confirm the theory of those two I share the gold silver ratio. It is obviously in a bull trend. it has been stair stepping up major fib resistance from the low in 2011 and a smaller sequence from 2016. firmly above the 61.8 on both and well...

djmitchb Updated 

Looks like bottom almost in for both litecoin and litecoin Cash. Basically if this thing does not make a move it’s finished.

djmitchb

Overall the dollar is in a larger bull market since it bottomed in 2008 at 70 with a second test in 2011 Today on the weekly we are consolidating and getting ready for a leg up to continue the trend. There are several things going on; 1.We are in the apex of a wedge starting in 2002 for the upper line 2.We have put a head and shoulders pattern on the daily with...

djmitchb

I believe we have seen a bottom in this stock. there is a large upside potential for this penny stock. after checking the rise today, I see that on volume-money flow we are at the highest level since 1999, divergence on rsi and macd have been present for some time and we see now they are rising well. My initial target will be between .27 and .3 that is 30x or...

djmitchb

I believe the top on nasdaq (which is the leading index IMO) is in. Based on the A-B pattern (5700-7800) from the dec 2018 low, we can make an extension showing the key levels. 1.18, 1.27 and 1.618 (the golden extension). the top of the weekly wedge started mid 2018 has been hit and corresponds to this 1.618 extension. we have a very high oversold condition and...

djmitchb

Silver shows further rejection after false break out of the falling wedge, it has lost key fib levels of 61.8 and 50. continue to drop until $11.