H&S for Blackrock World Mining - breakoutAn almost perfect double headed H&S pattern completed this week with the price breaking out of the neckline to the downside.
More weakness expected.
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−0 GBP
−78.98 M GBP
−64.80 M GBP
186.86 M
About BLACKROCK WORLD MINING TRUST PLC ORD GBP0.05
Sector
Industry
Headquarters
London
Website
Founded
1993
ISIN
GB0005774855
FIGI
BBG000BMR3N7
BlackRock World Mining Trust Plc operates as an investment trust. The firm engages in portfolio investment. It engages in the investment in mining and metal assets. The company was founded on December 15, 1993 and is headquartered in London, the United Kingdom.
BRWM LongGreat positive move in market
Although it formed a trend still its too early to call for short as there is a strong keylevel reistance zone above
PLUS, RSI+Sto suggests it has not over bought yet so lets and see
BRWM - World mining - bullish countHere's another chart from the UK markets this morning that could be viewed as constructive with a decent rally off the lows of nearly 25% in the week. This is a popular investment trust for UK investors. The count seems quite possible although my 5 wave count down for the C wave is a bit tenuous but
World mining - bullish possibilitiesAs far as corrections go it is not a long one or a deep one so we are just looking at possibilities here. However, it is possible that mining could go on a tear from here as long as it doesn't turn into a much longer correction. As always, price will confirm one way or another.....
World mining - bullish countThis count shows a long and complex wave 4 correction coming to an end on the 38.2 fib retracement. With precious metals showing some decent upside recently and even industrial metals showing some signs of a bounce then I shall be watching for any further signals that the mining stocks are starting
BRWM - Bullish count for this UK mining trustAs ever, there are lots of possible counts here but I liked this one because the fib numbers all headed to one level here. Am not expecting it to head there in a straight line although that's what it's been doing up to now. The impulsive nature of the move up from early December might also suggest t
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Displays a symbol's price movements over previous years to identify recurring trends.