This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply &...
W Formation and Rectangle formation has formed since May 2023... Now, we are definitely getting signs of upside, more than downside. That's because the resources sector and precious metals sector is showing positive signs. As we welcome 2024, investors will be using their bonuses and will be reinvesting in the new year which will lead to the January Effect....
Nickle Commodity Index DJ:DJCIIK Monthly Chart - Long Term Support Line (holding) - DSS Bressert Cross ideal (TBC) - On DSS cross confirmation you could enter a trade or enter at current price & place a tight stop under the Long Term Support line to protect your position.
Glencore showing a potential W Formation. We need the price to break above the neckline before we get further traction up. Other indicators show strong upside to come including... 7>21 - Bullish price >200 - Bullish RSI>50 HIgher lows. Target 1 for the resource company is at R136.20 ABOUT THE COMPANY Founding: Glencore was founded in 1974 by Marc Rich, a...
Many people like to predict breakouts. If there is one thing you learn today it's this. Always WAIT for a strong and confirmed breakout. There is a reason why the price hasn't breached the neckline (resistance). And that's because the fight is still on between the bulls and the bears. Now that Glencore has broken down not only has it slanted the Cup and...
JSE:GLN took a deep dive slicing through what was a potential support level. The market is showing all kinds of weakness, it's prudent to stick to sound risk and money management. For some, it may be an opportunity to pick "cheap" companies. Whatever you do, know that it can get worse.
Keeping an eye on JSE:GLN price action. The share price is at an area of value, and a key MA. For buyers, a bounce up will be beneficial, and for sellers a break down will be beneficial. PGMs are getting wrecked, is there a bull case for a diversified miner like JSE:GLN ?
M Formation has formed on Glencore. This was prior to an ongoing uptrend, until last year. Last year it moved into a range bounded state which has formed this M Formation near the end of 2022. Now we can expect a break down any day now below the neckline. There are other bear signs, and the biggest is RSI. 21>7 - Bearish Price>200 - TEST RSI has been forming...
Cobalt occurs as a metal mining byproduct - mainly copper, zinc, etc. -, 80% of the world production is centered in the Democratic Republic of the Congo - which is neither democratic nor a republic, or a state. (It's claim to fame is perpetual genocides, an endless civil war, accompanied with abject poverty.) 70% of cobalt refining capacity accompanied with...
The bearish engulfing on JSE:GLN seems to be playing out quite well so far. Along with that, the stochastic and MACD have both turned downwards, so once the EMA's cross in a downward direction, the momentum strategy will also be triggering and alert on this one.
TAKE PROFIT REACHED after two months of holding this trade - Glencore. There was a super Diamond Formation that told us it was heading to a target of R120.00 It touched beautifully today after the long hold and seems to show more upside to come. I'm out of this trade for now.. Follow for more Daily TRades and Analyses... We show both winners and losers as I've...
JSE:GLN recently broke above R103, following retest of the breakout level, JSE:GLN has broke above a new high. Bullish.
A potential short position has triggered on JSE:GLN based off our 3 momentum indicators, the stochastic, the MACD and the crossing of the two EMA's. If triggered our target will be down at the R82 level. This coincides nicely with a strong support level from earlier this year and late last year.
JSE:GLN trading volume has increased since the lat JSE:GLN chart we shared. A breakout with volume, perfect.
JSE:GLN is attempting to print a new all time high. The stock previously flirted with R106/share but never traded above this level. A close above R106 will be interesting.
CHALLENGE TRADE IDEA: MARKET: Glencore (GLN) TAKE PROFIT: R120.00 REASON: Bullish Diamond formation with rising lows on RSI. What are your thoughts?
Diamond formation Higher probability for upside Target R120.00 Concerns: If price breaks below the Diamond, it will crash hard to R76. But right now the signs are pointing up.
JSE:GLN may be pulling back to the R80 area of value. For holders, it'll. be good if it can find support there. Otherwise it could be the beginning of its declining phase, that will be bad for holders.