The news with respect to the turbine issue induces a sharp price slump. In the chart we have all characteristics of an BnR pattern with a downmove of one channel . Recently, also the price has reached and taken the minimum Fibo Retracement which is a necessary condition for a local bottom
GU is following the flow, being a bit more resilient thant euro, but still, it's beeing hit pretty hard by dollar strenght. But, this trade could be taken just looking at TA, I entered it last thursday night after the wick that came to retest the 50% Fib level and the trendline, but, I still believe an entry could be made on the last daily candle. For those...
Like I've mentionned in the DXY weekly analysis earlier, I'm gonna to be looking for short on XXXUSD this week, and, what about this nice little daily candle?! EU has been ranging last week, debating on if yes or no it should keep on going south. Looking at the chart it seems like it has made its decision as it rejected the 1.750 - 1.800 level last tuesday,...
Although BNR is looking bearish on the SMA and MACD indicators, we do see on the RSI that BNR is currently oversold... The RSI alone is making me bullish on a quick 10-20% profit because the stock can retrace to an upper support level. This is purely speculative however, as it is entire possible that BNR will continue to drop to a lower support level.
This one as well after quite a stellar rally.
holder of this stock, think market is yet to click on to the story here and the potential in the lithium area. personal target of 1.5p ST