$LVGI Continues to be Accumulated ahead of News$LVGI Began the day being tapped at .0005 ask shares being eaten up by people who continue to accumulate a % of the company ahead of anticipated updates for its Marijuana business expansion. The latest PR by them on November 17th indicated a Joint partnership with Ascend Global Systems: www.releasewire.com
A tweet by the CEO on Jan 9th shows further updates about the partnership and expansion to come:
twitter.com
"Three of our HempCore products should be made available to our Ascend Global Services distributors this week. Also working on getting LVGI set-up as Platinum Distributor for additional revenue stream."
Updates
AUDJPY Updates and Follow UpPrice is moving as per our plan
D1 - Triple cycle down, double cycle up. Price has now reached the downtrend line. Hidden bearish divergence.
H4 - Bearish divergence forming, we may expect a reversal to happen from the action zones.
H1 - Triple cycle upside, bearish pressure. We might see one more false break.
We already have a good uptrend line but if the price pushes higher and if it forms another valid uptrend line then we can use that most recent uptrend line. Once we get a breakout of that most recent uptrend line, we can look for sells.
Note: If the price moves higher, breaks and holds above the daily downtrend line then this H1 scenario will become invalid.
USDJPY UPDATE: making a quick nose up, before the dive downQuick update to my last analysis on USDJPY. Earlier I showed the USDJPY would stay in the channel. The path isn't adjusted much but, we will most likely now get to experience a small bump up to reach somewhere near 109.7 flat. If this happens, the entire 24th of May 2016 will be a long until we reach that point.
If you wish to keep your shorts on because you went in earlier (like me as well) you can of course keep an eye out for a possible strong rise up. Happy trading people, and don't forget your stop losses.
Thanks for reading.
UPDATE : 10 YEARS ANALYSISThis is the exact same chart published 21 days ago ( see attached) . We can see that the 10 years treasury briefly broke above it resistance before descending to its current level. So far it seems to to follow the downward channel.
Things to keep in mind :
Carney, the governor of the Bank of England, suggested last week that he will raise interest rates rather soon than later. Will Yelen indicate the same thing ?
Cheers Algo