Get started

Morning Star

BANC morning star reversal on weekly?BANC has come under alot of criticism for their operations being a little too good to be true and eerily resembling another financial operator with links to the firm that turned out to be fraud (identified by some short activists). BANC responded that it's false and tried to use a firm that is a customer of the bank to help clear the air. We will see in the next several weeks if the daily charts are setup up a strong reversal (bullish) or if it's a dead cat bounce and flagging (bearish).
NYSE:BANC
by MattDeLong
Will Gold resume its Bull run?The decade of bull run from ~$260 in 2001 to $1920 in 2011 (6X) on back of safe haven buying and an investment asset class ended with revival in major global indices and on track economies. The 5 years of slow and steady pain from 2011 to 2016 where gold lost 45% of its glittering from its peak might come to an end. We might witness the resumption in the bullish trend on the back of technical setups. The rationale are: * Morning Star - bullish reversal candlestick pattern * Falling channel support * 38.20% Fibonacci retracement of $260 to $1920 * 2/1 Gann fan line * 141% Fibonacci time cycle of 2001-2011 ends at January 2016 * -DI sloping southwards suggesting bears are tiring The above view would hold till gold doesn't breach $1000 and expect the move towards $1450-1600.
COMEX:GC1!Long
by bbrijesh