Gold is now getting very close to a major support level (3.5% ish away from the bottom of the fib channel). However, I believe today’s drop is down to a combination of Comex contracts expiring (usual end of month sell off), but aggravated somewhat by the fact that bond yields have taken folks off guard recently. Giving a decent sell gold buy dollar opportunity....
Position taken in CEY again See previous CEY trade here Technical trade. 2:1 Risk/Reward. Good luck.
On fundamentals this is one you could bang on about in a manner of ways. From dividends likely, to production rates, to zero debt etc. But, I am not in the slightest bit interested. On technicals, there is for sure a death cross imminent on the daily. However, it is oversold on the daily and edging towards oversold on the weekly. It also seams to be finding...
Centrica Plc engages in the provision of energy supply and services. The company was founded on March 16, 1995 and is headquartered in Windsor, the United Kingdom. I quite like the looks of this setup more as a mid term play. The company itself is looking quite undervalued (to me) at the current prices. It also appears to be going through some restructuring to...
Capital Drilling Ltd. is a drilling services company, which engages in the provision of exploration, development, grade control, blast hole, and energy drilling services to mineral exploration and mining companies. In Q4 of 2019, revenue increased 4.8% to $30.7m (US). Cash in the bank was $4.4m (US) and the current rig count is 95. The last trading update (RNS...
Horizonte Minerals PLC is a United Kingdom-based nickel development company. Monthly low in Feb 2009 (red horizontal line) target entry. Which is also the gap fill 'region' created in August 2019. Hammer candle formed on daily today. Suggesting todays drop was overdone. Also starting to look oversold on the daily. 2:1 Risk/Reward trade. TARGET: 4.4 STOP: 2.8...
Trans-Siberian Gold Plc engages in the acquisition, exploration, development, and production of gold-mining assets in Russia. Price has taken a bit of a beating of late due to recent news. But it is now edging towards oversold on the daily. Another update is possibly due soon, which is likely to be OK. Although I dislike the death cross on the daily, price...
Futura Medical plc is a United Kingdom-based pharmaceutical company that develops products for consumer healthcare. The Company is engaged in the research and development of pharmaceutical drugs and medical devices and the commercial exploitation. Looking for entry around the 50% retrace of last move up. With support from the 200ma around same level. Still not...
Nuformix PLC, formerly Levrett PLC, is a United Kingdom-based pharmaceutical development company. Price retraced significantly from recent spike. Didn’t quite reach the 78.6% FIB which I would have liked. Position taken at 7.8p. Following the two trading sessions which closed with dragonfly doji’s. Usually a good sign of a reversal. Minimum 2:1 Risk/Reward...