gary_trades

gary_trades

I rarely look at charts over 3 years but have heard a few people talking about Copper lately so thought I'd check it out! There is so many long term pivot points visible and we are on the way to reaching one of those points again. The April 2011 high and Jan 2016 Low creates long term Fibonacci channels of which we are now sitting at the the 0.236 level...

gary_trades

Has GM ran out of steam a little bit at a critical point? Both the Fibonacci retracement (from the Feb - March crash) and the Fibonacci expansion run in June have a confirmed level almost on top of each other at $27.65 & $27.66, GM was able to break through but then got rejected at an expected $29 level as this is makes up a resistance triangle from February to...

gary_trades

FTAI has been moving up nicely with support and resistance forming at expected Fibonacci levels, add to this we have recently broken above the 200 day moving average. We are now seeing current resistance at $16.85 (level "1" of the 1st wave) however if it breaks through then next target will be around the $18 mark. Dividend distribution in a few days may hinder a...

gary_trades

LYC broke it's bull flag patter at end of July and is now set to break it's 2020 high and then the chase is on for the 52 week high ($2.95) with the 1st profit target being the Fibonacci level of 0.786 which is a $2.73 share price. Recent supporting bullish activity on the chart is the golden 50 and 200 moving average cross occurring. Add to this that rare earths...

gary_trades

BioMarin Pharmaceutical (BMRM) has gone up in 3 waves since the March crash and has been bouncing off the current support level for the past week. This support line is 100% from 1st wave and 61% from wave two. They have their trial drug BMN 270 for rare genetic disease Hemophilia A under priority review with FDA and expected action date of 21st August. (refer...