jimjames244

jimjames244

The RSI and MCAD are already inflecting higher, expect an impulsive move higher in the short term. Longer term target $60.

jimjames244

the chart speaks for itself

jimjames244 Updated 

Double Bottom (TBC) with positive divergence on RSI and MCAD. This setup could help gold break out of the descending channel.

jimjames244

Continuation pattern - Bull flag/pennant

jimjames244 Updated 

with limited downside at $4 and quite close to a completion of the descending wedge pattern

jimjames244

Enough said.

jimjames244

Bullish Bias

jimjames244

This is a gene editing stock for agriculture. It has had a full retrace from the 2019 high, and at its long term bottom, along the descending trend.

jimjames244

Clue: It is one of the most over-used and misguided technical patterns referenced on tradingview. If this company starts to hit milestones and execute with its disruptive biotech plans, this stock is an easy double in very short order.

jimjames244 Updated 

This is the most dramatic descending wedge pattern I have ever seen. The upside on this wedge will be equally dramatic. This actually points to $0 by December, with many places to find support and then breakout along the way, as indicated. Enjoy the ride folks,

jimjames244

Large insto bets have been placed at this $4 level. My feeling is this price level will hold, in which case it is only a matter of time before it breaks out of this descending chanel. An impulsive move up is then likely.

jimjames244

Positive divergence on MACD. This chart was just waiting for the RSI to hit oversold, on low volume. Long weekends often help with this. Likely see a bounce at least, within the next 18 hrs, and resumption of upward momentum.

jimjames244

Consolidation pattern at resistance ... perhaps this is to be decided by global trade agreements. From a technical point of view, the RSI looks to be moving within a new wave up.

jimjames244

Weekly Chart - DXY still in downtrend - positive div. MACD/RSI

jimjames244 Updated 

There could be more more downward pressure in the short term - moving toward $1306 - before breaking resistance/ $1400 this summer.

jimjames244

The stock has traded well on this basis for the period indicated. If the gold price is supportive this summer and there is no bad news then we can likely see PT-1 $8.83. If gold rice is supportive and they surprise with consecutive positive earnings announcements - then we may have an opportunity to see PT-2 at $12.

jimjames244

Nothing super technical here ... I would expect movement within the next few hours, most likely a pop up to one the resistance lines.

jimjames244

Ascending Triangle - In my observation of chart patterns and price dynamics it often takes three attempts to break resistance.