$SPX - To Retest Mid-Term Downtrend Line$SPX last thursday rejection of mid-term DTL to be re-tested. note the breath of this 5 weeks rally has much skeptical net high/low picture than the month long rally in mid-july.
right theme selection becomes more critical to grinding out +ve trading performance in this rally
DTL
US Stock In Play: $MLI$MLI metals manufacturer. RS already cleared its 52 wks high, while price remain resisted below a 3mths DTL.
price have been riding on its rising 10MA since Q4 earnings. convergence of shorter MA with 50d
it gained +39% in less than a month (oct'21) during the last DTL breakout
Nuls and BTC down trend line.Important moment for Nuls. If we break this down trend line, a lot of capital will join this coins. A lot of partners being created everyday. The usability growing fast. This chart can change everything. 3 years of Down trend line can change tomorrow with the weekly candle close. Lets watch.
SPY Bull (Regain ATH) CaseSPY is moving into a distribution zone, which will likely result in resistance and a dip back towards recently established (fib) support levels. This establishes a new DTL support line that takes us through existing DTL resistance, and back into the next chop zone for more consolidation before either regaining ATH's, or re-testing lows.
Cobalt stock watch listLast year, cobalt metal prices increased more than 130 percent, fueling investor excitement. Since then, cobalt has made news headlines again and again, as more carmakers and tech companies continue to look for long-term supply of the critical metal.
Source: Canadian based Investor News Network: In March, Cobalt Blockchain engaged Better Chain to provide a blockchain-based platform to demonstrate the compliance of cobalt and other minerals with international standards on responsible procurement. Shareholders also approved the company’s name change from Peat Resources to Cobalt Blockchain. On March 22, Cobalt Blockchain announced definitive joint venture agreements on cobalt projects in the DRC and filed a cobalt trading and export license. On April 3, Cobalt Blockchain, together with DLT Labs, signed a letter of intent to establish a joint venture to provide secure, traceable and transparent methods for tracking and certifying the provenance of metals and minerals.
COBC
COBCF
TSXV:FCC
TSXV:GIGA
TSXV:KBLT
ASX:COB
TSXV:CUZ
OTC:CBLLF