Commercial bank covering their shortFinally a buy opportunity that fit the fifth wave.
Trade at your own risk!
Miners
DASH(ing) to $500? LONGDASH Buy: Target pice 470-500
Stop lost: 280
Resistance, 373, 413
For fast trader you can lock out your position if the price falls below the recent uptrend line.
I go for LONG in dash with $500 target. We are talking about longer trades here,an investment even, maybe towards the new year. The MACD rises above and the price stands on longer term EMA.
Base on smaller time frame chart in 4H the coin can retrace to 280 areas again to test the break out and that too should be our stop if it doesnt hold.
We see similar break out triangle pattern in some of the coins in the ALT coin market. This is one of the pattern that I look for.
The coin had break out of the downtrend line in daily chart. The previous high can be trace back to the 400 areas.
Note: There are miners out their servicing the crypto world, asics and gpus. This is one coin that can be mine with the X11 algorithm asic miners. I understand that the ROI of the new miners have been extended with massive increase in difficulties. So I hope this post can benefit both miners and traders.
Best of luck, please feel free to comment, I am open to constructive discussion :)
GDXJ looks ready to surge after the last dropGDXJ looks pretty on a the daily right now.
Trade at your own risk!
Sandfire - ascending triangle developingSandfire Resources NL is a mining and exploration company. Copper, gold and silver.
Developing Black Butte Copper Project in central Montana, USA.
Ascending right-angle triangle developing on the weekly. Price allow now entry with good risk/reward.
Pinbara PLS.ASX - lithium minerSo far we could see modest pullback with decreasing volume. There are clear supports level incl. gap, Lets try to scale in with long term core position targeting .85 (and above) & short term position targeting .60.
GDX - HEAD & SHOULDERS PatternGold miners are dirt cheap right now. Don't know how much the stock market crash will affect the miners so perhaps better to buy after that but still.
GOLD ETF BREAKING OUT WITH BIG BULLISH POTENTIALThis is a conviction buy in my book, i am looking in the coming week to buy GDX with a stop around 20$ looking for some serios upside.
There are so many different points pointing toward a strong breakout.
Good luck!
GDXJ BreakoutGreat breakout here on GDXJ as investors fly to security with geopolitical instability.
We have a breakout of several different levels, making this a potentially very powerful break.
SIGNALS:
1. Breaking out of consolidation pattern since beginning of May
2. Breaking downtrend line from 2016 highs
3. Breaking over 200 day moving average
Entry: above 34
Target: former resistance around 42
Stop: under breakout level, 33.50 - 34.00
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!! PM me with any questions about my analysis !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.
Top precious metals investment of last 20 yrs: Moneta PorcupineIf you want 10x + leverage to the price of Gold 1.43% , and are tired of financial products like $JNUG or $NUGT or are unhappy with the fact that $GDXJ is no longer a true junior index it has too many big names. Then this is an amazing opportunity to get a good property in Northern ontario with possibly over 10 million ounces in the ground meaning you are getting gold 1.43% for <$7-8/oz. Industry average for takeovers is 30-50$/oz meaning this is at least a 10 bagger in a rising gold 1.43% environment. Not only that but gold 1.43% is breaking out. Moneta is also breaking out of consolidation, bullish trendline break , oscillators turning up, bullish pitchfork pattern, bullish gartley and possible drill campaign news coming in late 2017.
NEWMONT MINING ANOTHER STRONG GOLD MINERFollowing up on my recent, gold and gold mining sector analysis, i am seeing in newmont mining one of my favorit gold mining stocks.
From a technical perspective the bias is clearly bullish. Also fundamentally this stock is a top sector pick, they are providing strong earnings and are in good shape.
I am looking to buy, but current levels seem expensive, another leg lower would provide great r:r.
Blessings to you all.
GDXJ: Bombastic long?An aggressive-speculative entry here could deliver amazing Risk vs Reward Opportunity.
Market momentum changeGDX and GDXJ has been practically dead for a long time.
However, when the time is complete and most have fallen asleep, the party will start.
That time is likely to be now.
I'm ready for the party. Are you?
JNUG Long IdeaI suspect this will be a very good spot to buy JNUG. Moving averages are supporting JNUG here. Looks as if the ICL in Gold and Miners is confirmed. Dollar relentlessly pushes lower.
Careful of those right shoulders... gold decision pointMake or break this formation, it'll be violent and fun either way.
The neckline has broken bullish, look for chop /volatility as it is tested and confirmed.
I am long bias. Good luck all.
Cup and Handle working like a charm - JNUG let's go!Today dovish grandma provided gold bulls with an extra boost while drop-kicking USD bulls in the face. Gold miners will continue their up trend after consolidating below resistance. The measured move is in my previous JNUG post.
Good luck all.
