Boliden at supportBoliden dropped +25% in less than 3m.
Probably good entry point for long term investment.
BOL trade ideas
Possible down trend Interesting Stock, on the 15th of July the price made what is called in technical analysis dead cross, a signal for a beginning of a downtrend. Now it seems that the price is using the line of the moving average of the 200 periods as resistance and is entered an area between the price 381.05 and 351.05. If the price will break the level of 351.05, there is a good chance to follow a downtrend. The stock is still in a positive trend, My vision is neutral waiting for the right signal.
Boliden: Time to short the Bear Bounce?Here, I am thinking that both Boliden and copper could potentially top out of their bear bounce. And possibly come back below the trendline.
There is a divergence between RSI and other indicators, which suggests that the 4-hour top is becoming more likely.
In addition, the current macroeconomic conditions are worse than usual, and generally speaking, September and October tend not to be optimal months.
MCX:COPPER1!
Boliden could run! - long term outlook$BOL - Boliden seems to just have cleared the downward sloping resistance. 1 or 2 more closes above should set the scene for a harmonices AB=CD move. With the goal of 498. Could take a while to get there. Stop loss under the long term rising support.
Reentered short, Boliden Reentered. Breathing pause, clogged gap. Se you at 270! Stoploss 311,5, Short.
Short, Boliden Taking short position in belief that the Head and Shoulder formation will be effected. Bearish Marubozu/MA-20 cross after resistance level (5/8), charging phase and strong red Candle hopefully starting the fall down to 302. If so, the Head and Shoulder formation is completed and a continued fall down to level of support at 270 is to be expected.
Target, 302 and 270.
Stoploss, 337
Entry, 328 (16/8)
Short.
Sharing my thoughts and observations on BOLSharing my thoughts and observations on BOL in this chart. Stop loss has been placed on what I think is the top of Minor Wave 1 (observed in H1) within Intermediate Wave 1 on Wave 5.
Boliden AB - Interest of smart money investors1. There is selling climax at number 1 on the chart, small investors, for fear of strong declines, sell their stocks. During this, large investors started the buying process.
2. There is a large volume on the downward wave, but the price does not move lower, it means that while one side of the market was selling their stocks intensively - the other side of the market bought them.
3. The price has moved below the minimum level of selling climax, it was a controlled check by large investors - is there still a large supply on the market. The low volume means that the supply was mostly bought.
Summary
If the price is above the consolidation channel - it is worth to buy stocks at a correct.
Important: The breakthrough of the upper level of consolidation should take place at the increased volume.
Boliden From a positive optimistic view these is definately a view with a little volitility inbetween for Boliden to reach 326 again and have a tight stop in around 300 over the next 3-6 months
+ global copper market was in a deficit last year.(2018)
* Bounced of lower level support..
* good dividend
* dollar weakness
* Electric car demand--
*- Chinese economy weakness
*- Dollar strength
* The Bubble that is supposed to deflate/pop
The market is unsure? So a small post to begin with...or are we reaching the blow of top where commodities outperform.. starting to think more towards the later...keep it tight if it drops...choose your own levels...
Boliden+ global copper market was in a deficit last year.(2018)
* Bounced of lower level support..
* good dividend
* dollar weakness
* Electric car demand--
*- Chinese economy weakness
*- Dollar strength
* The Bubble that is supposed to deflate/pop
The market is unsure? So a small post to begin with...or are we reaching the blow of top where commodities outperform.. starting to think more towards the later...keep it tight if it drops...choose your own levels...
Boliden - Bullish Butterfly on the horizonWe are looking at a really nice Butterfly forming in Boliden on the hourly timeframe.
The B point has been broken on the downside so there is a small window off bearish opportunity as well on it´s way down to D completion.
