UnknownUnicorn1063

UnknownUnicorn1063

The Hourly 100 SMA is holding support for the Bullish Marubozu candle formed on Friday. #standtuned

UnknownUnicorn1063

No position. The daily chart shows a bullish break from the downtrend that began in early June at ~$1,300/oz. Gold has strong support at ~$1,200/oz on the weekly chart - a level it has visited 3 times since breaking it as resistance in late January. Look for a break of the channel between ~$1,200/oz and ~$1,300/oz for confirmation of a new trend.

UnknownUnicorn1063

It seems that a test of support was in order! The support at ~$1.35 from late June is being tested again. If NAK bounces off of this level, an uptrend may have begun - otherwise, the downtrend continues.

UnknownUnicorn1063

Average: $1.64 Price Target: N/A I have been accumulating since $1.80 instead of trying to time a reversal. With the EPA news released yesterday, this seems to be primed for a break of the downtrend.

UnknownUnicorn1063 Updated 

Action has been scarce, but we could see a break towards the gaps at 4.36 and 7.22

UnknownUnicorn1063

Chesapeake seems to be doing a good job improving their financial position and the technical analysis agrees! If a close above the cloud triggers the long signal, I see $8 as the first target, with $12 a little farther down to road.

UnknownUnicorn1063

Let's see how this plays out: In at the bottom of this flag, SL under the 200SMA on 1H at .9214 - Long term positive outlook, but swinging in and out with caution because of the weakness shown by the Aussie lately.