Hecla Mining Company
Short Term - We look to Buy at 3.87 (stop at 3.42)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous resistance at 3.90 now becomes support. Dip buying offers good risk/reward. Further upside is expected.
Our profit targets will be 4.85 and 5.00
Resistance: 4.90 / 7.50 /...
Bitcoin
Intraday - We look to Buy at 18613 (stop at 18221)
Price action continued to range between key support & resistance (18500 - 19500) and we expect this to continue. We look to buy dips. We are trading at oversold extremes. 18521 has been pivotal. Support is located at 18500 and should stem dips to this area. Expect trading to remain mixed and...
On H4, prices have pulled back slightly but overall trend is moving in an ascending manner hence we are bullish bias- we're looking for a pull back buy entry at 0.9766 where the 38.2% retracement is to take profit at 0.9970 level where the previous swing high, 127.2% extension and 100% projection sits. Our stop loss is at 0.9690 where the overlap support...
On the H4 chart, we have a bearish bias for DJI with price on a descending trend since the 16th August 2022. To add confluence to this, price is below the Ichimoku cloud which indicates a bear market. Looking for a sell at 30302.28 where the 38.2% Fibonaaci line is. There is a market gap nearby there to fill. Stop loss will be at 30745.55, slightly above the 50%...
EURUSD
Intraday - We look to Sell at 0.9869 (stop at 0.9941)
Sentiment remains negative despite the pull-back higher in prices. We are assessed to be in a corrective mode higher. Current price action faces resistance at the 50% Fibonacci retracement level of the 1.0197-0.9538 move. Resistance could prove difficult to breakdown. We therefore, prefer to fade...
On H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop form the sell entry at 89.856, which is in line with the 50% fibonacci retracemnent and overlap resistance to the take profit at 84.270, where the swing low is. Alternatively, the price may rise to the stop loss at 92.250, where the...
On the H4, the price is moving in a strong bearish trend. To add on confluence to this bias, the price is below the Ichimoku cloud which indicates a bear market. Currently, the price is testing the sell entry at 0.65255, which is in line with the 23.6% fibonacci retracement. The price may drop from here to the take profit at 0.63644, which is in line with the...
Bristol-Myers Squibb Co
Short Term - We look to Buy a break of 72.34 (stop at 70.99)
Price action has formed a bullish ascending triangle formation. This is positive for sentiment and the uptrend has potential to return. Neckline resistance 72.00. A break of the neckline is required to confirm the formation. Further upside is expected.
Our profit targets...
On H4, prices are moving in an ascending trend hence we are bearish bias- we're looking for a pull back buy entry at 0.9743 where the 50% retracement is to take profit at 0.9970 level where the previous swing high sits. Our stop loss is at 0.9608 where the 78.6% retracement sits
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On H4, with the price rejecting the previous swing high level, we're looking for a potential pullback sell entry at 145.007 to take profit at 142.570 where the 23.6% retracement sits. Our stop loss is placed at 145.971 where the previous swing high sits
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On H4, with the price showing a "double M" pattern, there's a possibility that the price may retest the sell entry at 0.98620, which is in line with the 23.6% Fibonacci retracement and neckline of the double M pattern to the take profit at 0.97450, where the 50% fibonacci retracement and swing low is. Alternatively, the price may rise to the stop loss at 0.99655,...
Price is in a strong bearish trend on the H4 chart. In addition, the price is below the Ichimoku cloud, indicating a bear market. Looking for a retracement sell entry at 30671.55, where the 50% and 61.8% Fibonacci lines intersect. The stop loss will be set at 32504.04, the previous swing high. The take profit point will be at 28460.70, which is the intersection of...
XRP
Intraday - We look to Sell at 0.4559 (stop at 0.4701)
Reverse trend line resistance comes in at 0.4550. Prices expected to stall near trend line resistance. Short term bias is mildly bearish. Previous support at 0.4550 now becomes resistance.
Our profit targets will be 0.4203 and 0.4103
Resistance: 0.4500 / 0.4600 / 0.4800
Support: 0.4300 / 0.4150 /...
On H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the sell entry at 88.453, which is in line with the overlap resistance to the take profit at 83.855, where the swing low and 161.8% fibonacci extension. Alternatively, the price may rise to the stop loss at 92.044, which is in line...
GBPCHF
Intraday - We look to Sell at 1.0718 (stop at 1.0813)
We look to sell rallies. There is scope for mild buying at the open but gains should be limited. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. The medium term bias remains bearish.
Our profit targets will be...
PG&E Corporatio n
Short Term - We look to Buy at 12.25 (stop at 11.57)
Price action has formed an expanding wedge formation. This is positive for sentiment and the uptrend has potential to return. Support is located at 12.00 and should stem dips to this area. Preferred trade is to buy on dips.
Our profit targets will be 13.79 and 14.50
Resistance: 14.00...
On H4, with the price moving above the ichimoku cloud and ascending trend, we have a bullish bias that the price may pullback to our buy entry at 0.9854 where the 23.6% retracement sits to take profit at 0.99776 where the 100% projection and 127.2% extension sits. Our stop loss is placed at 0.9756 levels where the previous swing low sits
Please be advised that...
On H4, with the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the sell entry at 1652.219, which is in line with the 23.6% Fibonacci retracement to the take profit at 1612.038, where the 100% Fibonacci projection and 61.8% Fibonacci projection are. Alternatively, the price may rise to the stop loss at...
