AngloGold has been the strongest stock of the gold miners and the strength continues. There have been some reaccumulation ranges that have formed. The latest range has been an upsloping range with institutional buying on the way up seen by the increased volume on the increases. We have seen a spring and break of the recent TR with volume pushing it along. Negative...
I have been watching the distribution of Glencore stock unfold since October 2018 (See post below) and the markdown is now in full swing. Lots of pain for Glencore still to come.
Following a Wyckoff analysis of DRD phase E markup is now in full swing. In 2018 institutions started slowly to accumulate the stock at low prices. Early this year there was some heightened interest seen with increases in volume with institutions stepping up the pace of accumulation. With a spring the markup started in phase D and after a backup, to the TR we are...
Anglo American has been trading in a well-defined advancing channel (See the previous post following this advance below). Every time it has reached the oversold line there has been a spring type action and institutional buying indicated by volume increases. The difference with the previous occasions this occurred is that the volatility is greater and has occurred...
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It has taken some time to finish but the backup is now complete and the markdown can begin as previously expected (see post below).
I have been watching the accumulation of Reinet since the beginning of the year (see post below). After an extended re-accumulation, it is breaking out with some volume and sign of strength. Watching for markup to previous highs
I have been following the distribution of Rand Merchant Inv play out since October 2018 (See posts below). The distribution and backup seem to be complete and the markdown seems to be starting.
After a backup to the TR we see some supply volume pushing the price down. There is a negative divergence on the RSI. We have been waiting for the breakdown (See posts below) which finally seems to have started.
Anglo Plat has had a good run but has now started to form a trading range. I have been following the accumulation of Anglo Plat since 2018 (See post below). It has had a great run after breaking the accumulation trading range (TR). We have seen a buying climax (BC) signalling the start of a smaller TR during the markup phase E. This could be a re-accumulation and...
South32 is looking at breaking the bottom of the TR range that has been formed. The price action in the TR looks like it has had an upthrust (UT) that caught me when it happened. We have seen a last point of supply (LPS) and now we are looking for a break lower.
After a great run, Impala may be exhausted (See post below as we followed it on the way up). Now it has formed a smaller TR at the top of the larger TR. The smaller TR looks like distribution and could indicate that price can start moving down again within the larger TR. Divergence on the volume RSI points to selling pressure and high volume down could indicate an...
After a selling climax (SC) in January price has formed a trading range (TR). Currently, the price is ranging defined by the SC and automatic rally (AR). Volume is reducing phase B. Currently the bottom of the range is being tested. Once the test is complete and TR holds the top of the range could be tested. However, it looks like a large base is being formed that...
Triangles, Ascending Triangle, Descending Triangles and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
After forming a top and breaking below the TR formed we have now seen a back up to the range. This gives another opportunity to go short.
After a breakdown of the upsloping TR (see post below) we have had a back up to the range but now price is starting to be marked down more actively.
Old Mutual has been in a TR after a big drop in October 2018. We had a spring on high volume and now a test on lower volume indicating that supply has dried up. Looking for the markup in phase D to the top of the TR range. After a consolidation at the top of the TR, I will be watching for a breakout and phase E to start.
I have been following the accumulation range (see link) since a spring in November 2018. Price has now moved to the top of the TR and it looks good for a breakout of the TR to the yearly Pivot Point. Some volume and signs of strength are seen.