Comodities
Does MPP (P) 22372.6 work?There is no trend, it is NK225 that goes between 22000 and 23000 range.
However, it is still difficult to understand price movements.
I think that there is no problem by doing both trading and selling.
<< tactics >>
1) MPP (P) 22372.6 can be recognized as functioning.
short.
There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above 22000.0.
However, consider exit if it is reflect cleanly in WePP (S1).
2) MPP (P) 22372.6 cannot be recognized as functioning.
Pierce the MPP(P) upwards and recognize the support and consider the long.
I think that double zero 22500.0 is losing its function. But if it works I thinks of exit .
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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Turnaround possible in area 7,6 CentAs a pure zinc producer in Turkey, Pasinex benefits from the devaluation of the Turkish lira since it accounts for approximately 80% of the cost in lira, but 100% of the sales are generated in US $. In addition, the price of zinc has steadily increased in recent years, so the earnings situation has also steadily improved. The 50% share of the Turkish joint venture will be used to drive forward the next zinc project through the quarterly CashFlow. This is located in Nevada and is called GunMan. The first drilling is scheduled to begin over the next few days and will be drilled over 4 holes of approximately 900m in length to determine the mineralization levels of zinc from these samples. These results could then provide the reason for the expected increase, but is pure speculation. The geological formations are similar to those in Turkey which today is a very well producing mine. This stock is interesting as a Zocker admixture, however, correspondingly high fluctuation, but this is deliberately taken on the basis of the chance risk ratio. The entry level would be at 7.6 Cents and the target to 12/2019 is 45 Cents. No stop loss is used here. Thus the chance risk ratio is 5.9 to 1. Be careful and take care with moneymanagement if you want to trade that.
Greats from Hanover
Stefan
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