XAGUSD set up for long entry XAGUSD on the 120-minute chart is at the top of the high volume area on the profile. This
is a relative volume void above and a high volume area breakout is possible or even likely.
The TTM squeeze indicator has just triggered. The Price Momentum and Relative Trend
indicators appear bullish. I assert that spot silver is bullish right now and mining stocks
especially junior miners may be ready to take long positions as well. My immediate target
for spot silver is 25.75, the recent high pivot in March and then 25.95 the high pivot of
December, and then 26.5, the highs of Spring 2022. Played in a leveraged forex setting,
the profit potentials are significant.
Pricemomentum
SPY persists with bullish bias LONGSPY on a daily chart shows rising VWAP lines and price with the RSI indicator showing strength
above 50 since November and presently in the 65 range and so not yet overbought. Volumes
are near to the running mean. Price Momentum and Relative Trend indicator are more or less
flat but are positive. The mass index indicator does not show a reversal pattern. I conclude
that SPY is still in range for long trades including call options.
SMG- it's spring time for SMG to make some green LONGSMG has good reason to trend up- the spring brings out consumers looking to get their lawn
off to a good start and the rise in marijuana stocks on the run-up to April 20th and the recent
legislative catalysts in Germany and Florida bring Scott's into focus as cultivators often use
it in their soil-based and hydroponic grow operations. The indicators show price momentum
and adequate volume to support a move higher. The predictive algorithm forecasts that move.
I will take a long position here targeting 86, the pivot high of 11 months ago.
AU - a gold mining stock rises with spot gold LONGAU AngloGold Ashanti has operations in a variety of locations including North America and Africa.
With spot gold rising and mostly fixed operational costs, AU stands to improve its overall
margins. Here on a weekly chart, price has crossed over the POC line of the volume
profile and the mean anchored VWAP line. The Price Momentum Oscillator and Relative
Trend Index indicators are showing reversals from bearish to bullish. Price action is in
a symmetrical triangle. Price has 20% upside before reaching the descending resistance
trendline which may take a month or so. I will open a long trade here looking for a best
entry on a 120-240 minute chart.
HL- a silver mining pennystock LONGHL shown on the reliable daiy chart while spot silver is uptrending. demonstrates multiple
bullish signs including a cross over the POC line of the volume profile and now the confluence
of a 200-50-20 triple convergence coindident with a cross of the long anchored mean VWAP
and a gaint ( "gib ass green") engulfing green price candle of 7% magnitude with volume above
the running mean. The Price Momentum Oscillator and Relative Trend Index lend further
support to a bullish bias here. I will take a long trade in HL of both shares and call options to
complement my positions in gold. Targets are 4.9, 5.4 and 6.8 yielding the potential of a very
profitable trade over in next six weeks before earnings and perhaps beyond that.