With the increase in the gold price and especially the Rand price of gold there is interest in the sector. DRD Gold was not one of the favourite gold stocks for investors but there is a shortage on the market so investors are turning to what's left. With the markup starting, most of the gold stocks are showing ease of movement on low volumes but we are still...
Gold stocks are looking to have a good markup and Anglogold seems to be one of the best in a strong sector. After a spring, last point of support (LPS) and backup to the trading range (BU) which all gave opportunities to enter (see posts below) we are now ready for the markup. The volume is low with ease of movement in the price. This indicates that the stock has...
I am not going to write here in Pages. Let's move the strength topic. This is " Price Action with Volume theory ". Relation of Congestion vs. Volume examination: Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs. All the Congestion has low volume and...
Evening Traders, Today’s Technical Analysis – USDCHF- a clear symmetrical triangle at pay, price is approaching its apex before an imminent break. Points to consider, - Trend Bullish (Consecutive higher lows) - Support and Resistances converging - RSI neutral (Above 50) - Stochastics in upper regions - Volume declining The immediate trend is bullish with...
Evening Traders, Today’s Analysis – XTZBTC – a highly probable fractal at play, the .618 Fibonacci coinciding with the overall trend line perfectly. Points to consider, - Trend Bullish - Impulse move from .618 Fibonacci - RSI neutral - Stochastics in upper regions - Similar volume profile XTZ’s trend is bullish with consecutive established higher highs,...
Evening Traders, Today’s Analysis – ETHBTC – forming a potential bull flag above a key level, volume influx is needed for confirmation, Points to consider, - Trend bullish - Confirmation of S/R Flip - Bull Flag confluence ( .382 Fibonacci) - RSI neutral - Stochastics above 50 - Volume declining ETHBTC's trend has been bullish, breaching a very key...
title says it all. im scraping USDJPY bearish Plus there's a W Formation on the 1 Week chart. Just trading the pullback before the eventual rise. Don't mind the fib unless you're interested?
We have been following the stepping stone markdown of Tiger Brands (see posts below). After a selling climax (SC) and automatic rally (AR) back to the previous redistribution range, we can now again expect a trading range. Price is set to build a new cause bound by the SC and AR extremes. Will watch this range to determine if it is further redistribution or accumulation.
After a distribution trading range that started in 2016, we have seen a markdown of PicknPay. This has resulted in a high volume selling climax (SC) and automatic rally (AR) back to the trading range. Price can be expected to range at these levels before breaking lower to continue the markdown. We will watch the development of the new trading range.
After a high volume selling climax (SC), we have seen an automatic rally (AR) back to the previous trading range in the downtrend. Now we can expect the price to range at these levels until a new cause has been built. The spring occurred short of the oversold line indicating some strength. We will watch how the trading range develops to see if this is possibly an...
After a high volume selling climax (SC) we have seen the accumulation of Sasol stock. After a spring and signs of strength (SOS) with volume, price has broken the trading range. Now we have seen a pullback to the trading range. After a smaller trading range at these levels, the markup to around the R200 level is on the cards.
Evening Traders, Today’s technical analysis will be on BCHBTC, trading very close to its apex with a breakout being imminent. Points to consider, - Local Trend bearish - Price trading near apex - RSI testing support - Stochastics projected down - Volume extremely low - Local support - .50 Fibonacci BCHBTC’s local trend has been bearish, consecutive lower...
Just like the other gold stocks Gold Fields is sowing a lot of strength and is looking to break out of the trading range after a key reversal bar today.
A key reversal bar today has signalled the formation of a last point of support. Looking for the markup out of the trading range. Gold is the place to be.
Anglogold has had a spring and test of the spring. After a good markup in phase D we have seen a pullback on reducing volume to a last point of support (LPS). Time to look for the markup out of the trading range.
BINANCE:EVXBTC finally getting some momentum going after all these accumulation wicks that can be clearly seen on the volume, breaking above the MA50, hoping for a solid close above, so we can see continuation. Entry: 0.00002130 Target 1: 0.00002438 Target 2: 0.00002686 SL: 0.00002018 CryptoCue is not providing investment advice and is not taking subscribers’...
Evening Traders, Today’s Analysis will focus on XMRBTC which has broken a long term down trend, currently trading in a zone between support and resistance. Points to consider, - Daily trend change ( Triple bottom) - Local support confluences - Structural resistance respected - RSI testing support - Stochastics in upper regions - Declining volume nodes...
Evening Traders, Today’s analysis will be on BCHUSD, testing a key resistance (21 DEMA) in a defined down trend. This current trade location is in confluence with the POC, a breakdown will just be another lower high. Points to consider, - Trend bearish – Consecutive lower highs - 21 DEMA, current resistance - Local support at yearly lows - RSI approaching...