With 30pips against our direction since my last publication (see link below for reference purposes) on this pair, the price has found its way to complete a 127.2 extension to incite a reversal structure. It is worthy to note that the Japanese and US statistics headed in opposite directions this week to make the USD/JPY the only major pair to witness the Greenback...
AUDUSD - 50% Fib Rejection. The recent uptrend structure on AUDUSD had formed a great opportunity to utilise the Fibonacci Retracement tool. After dragging the tool from the swing low to the swing high, we can see that price is now rejecting from the key 50% level which could act as a strong injection of bullish momentum. With this being said, I am entering a long...
With over 170pips in our direction since my last publication (see link below for reference purpose), the British Pound appears to begin a new wave of Bullish run as it completes a 50% retracement at Demand zone (neckline) since Breakout occurred at the beginning of the month (July 2020). Tendency: Uptrend ( Bullish ) Structure: Double Bottom...
A similar situation for the Greenback we have found here as a possible Breakout off of our Bullish Rectangle @ 0.65200 for a Bullish burst becomes feasible. Tendency: Uptrend ( Bullish ) Structure: Breakout | Bullish Rectangle | Channel Observation: i. 0.63800 level appears to be a respected Demand zone ( 500 retracement ) since the Impulse Leg in the last days...
AUDUSD follows suit! Tendency: Uptrend ( Bullish ) Structure: Breakout | Pennant | Support & Resistance Observation: i. A continuation pattern formed after Impulse Leg (flagpole), followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the Impulse Leg initiates the second half of the...
TXN shows a cross-over on MACD at Fibonacci Retracement 0.500 and on 1 hr. chart likely having a short dip below $97 entry area. Recently increased their dividend nicely over last 5 years as well. Been watching them invest in R&D and they have chips in growing markets for 5G, automotive, communication and industrial. In the last 12 months, TXN has returned...
Better than a pair of socks. Buy and hold note to self. 618 Fib Retracement
Forsyth Metals is down to 500fibretracement entry. Canadian stocks are still in decline from last week, while Uranium stocks should bounce very soon. Await bounce entry. OTC:FOSYF AMEX:UEC UUUU NYSE:CCJ AMEX:DNN NYSE:RIO
LIACF is likely provider to TESLA for their batteries and 2h north of plant and founded in 2016, good TESLA timing for Lithium. They have cheapest mining processes and under pressure from market correction and headed to 0.35-0.39 from current price before hitting resistance. Looking at LIACF opportunity for entrance and solid 20-30% rebound vs BITFINEX:BTCUSD
INTC NVDA AMD Advanced self-driving cars will need processors and GPU's, which means Intel and NVDA or AMD likely. Would you put another brand in with that risk? Intel as at 618 Fib Retracement near 48.48, actual 48.53 right now and hitting resistance today. Expecting midterm election will drive this up to 500 or higher retrace soon. 4h, day and week...
So Cannabis investors, HEXO is at the a dip and 786 fib retracement. Is this the dip before a November federal bill allowing legalization state by state, or will it go near full retracement? High 9.29, current 5.70, full retracement 3.98. Canopy Growth is 618 fib retracement. The better the stock the lower the dip. I'm using weekly charts and than switching...
HG HG1! Copper has been bottoming for quite some time. Economic trends are plumbing/housing, electronics, and EV vehicles, so let's step back and review. * Oversupply for quite some time. * Copper prices are historically peak in December. * Housing/construction build rates for SF/MF/5+units is steady Yr/Yr for 5-yr and slight growth if any. * ...
SIRI has acquired Pandora (P) and will likely increase subscriptions in coming quarters. Earnings coming Oct. 26th Dividend currently measly $0.01/Qtr or $0.04, or 0.64% with current price. Unless market further corrects this should bounce to 0.500 fibretrace next week for 5% jump, ideally 382 for 10% target. Placing low ball open order below this at $6.15.