Firstly some fundamentals. Basic materials have dropped 4.4% in the last month and 5.7% in the last week. In this sector mining has seen a 7.83% drop in the last week and 12.49% in the last month (source finviz and stockcharts.com). This specific stock has performed worse with a weekly drop of 8.23% and 14.02% monthly. This gives an overall picture of weakness at...
There is clear 84 period cycle forming here. From what I can see I would expect a rally from the 1.10.2015 (or around this date) going well up into 2016. I feel it should comfortably make it up into the shown resistance zone and is currently sitting on a support zone from 1995. I would turn to my weekly and daily charts to look for an entry into this potentially...
