SimplyCash

SimplyCash

Following our trade plan beautifully with a continuation rally with healthy volume. The day's session revealed a long-legged doji candle which may convey uncertainty about price direction in subsequent sessions. A pullback to the $21.50-$22 area will be considered healthy for more of a runway upwards towards $27-$30.

SimplyCash Updated 

We've seen multiple instances whereby the 50MA crossed back over the 200MA for a death-cross scenario as well as near death-cross scenarios, all with 100% recovery. Will we encounter another death cross scenario with full recovery or a near death-cross scenario as indicated? I'm betting that Bulls will step in due to the strong fundamentals and growth potential of...

SimplyCash

The recent plummet was due to less than stellar Phase 3 results. With a March 25 PDUFA target on the horizon, longs may have given up and cut their losses. Technical indicate a big gap to fill in the $11-$14 area from October last year. Short.

SimplyCash

Excellent gain in continuation from yesterday's intraday surprise jump. Could institutions be loading? The volume sure indicates it. Also, the 50MA is curling upwards and may give us foresight of a future trajectory for a golden cross scenario for an extremely bullish thesis. Jumping in now is a high risk/reward scenario! LONG! Price target maintained at $27-30.

SimplyCash

The past several sessions have indicated a bearish trajectory towards the downside with lower lows on the daily to form a bearish flag pattern. The 50MA is curling to pave a path for a death cross scenario. With earnings on the horizon, if results are not stellar and guidance is lower, it can send this quickly down.

SimplyCash Updated 

Following the Elliott impulse wave pattern nicely. Let's see it break above $20 with conviction for 20% more upside.

SimplyCash Updated 

We have been seeing a little bit of sideways action but it feels like it wants to move higher. Still eyeing the $134 gap.

SimplyCash

With the corona virus infections increasing in proliferation, we are facing manufacturing/output headwinds for all suppliers of China manufacturing. Until these fears subside, will expect to see further downside.

SimplyCash

Applying an impulse wave pattern, we can see the potential price action in alignment with resistance points along the way for all 5 impulse waves. Target: $0.46 - $0.50

SimplyCash

If bullish momentum continues - obviously depending on the critical underlying asset which is Bitcoin continues to break through resistance to the upside, we could see fireworks. First target $18-25.

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Will it break through or retrace?

SimplyCash Updated 

Kirkland Lake gold is the #1 performing gold miner since 2016 and rightfully so due to its strong fundamentals and management. Although Gold CFDs have been steadily rising, the price action has indicated otherwise for the past 2 months or so. It is possible to speculate that bears have been taking advantage of the voting period for the acquisition of Detour Gold...

SimplyCash Updated 

The weekly indicates a cup forming but the daily chart indicates a waffling back and forth between up and down trends as indicated by the parabolic SAR indicator. Will have to watch spot Palladium prices closely and sees how the market digest the news of expansion into copper and other metals in the coming weeks. Long term outcome - bullish.

SimplyCash Updated 

Bear and Bulls are fighting closely are it could just be being tossed back and forth in the ocean of bio indexes. Still bullish.

SimplyCash

Has been range-bound the past several months in the $7-$8 range. Looks like a big move is going to happen. Perhaps in line with the retest of $1600 spot Gold price.

SimplyCash

That strong buying could be institutions - e.g. Goldman Sachs taking a position. The price intraday was too good to pass up. Long and strong! Target $65!

SimplyCash

Let's retest 2500.

SimplyCash Updated 

Would love to see Wave 3 play out on this bullish impulse move.