UnknownUnicorn792892

UnknownUnicorn792892

The chart depicts 3 different patterns and along with the 50 and 200 MA makes support and resistance areas pretty clear. It is a wait and watch situation. I will wait for the weekly candle to close whilst my bias is a downturn to the $155 area and the 200 MA.

UnknownUnicorn792892

Whilst Silver has lagged in the Gold rally, it has formed a strong support level at 14.50 and is looking for a break out to the 15 - 15.50 area. On the weekly chart, it is forming a double bottom around the 13.75 area. I do not have an opinion on its next move but am watching the price action. Not trading or investment advice folks.

UnknownUnicorn792892 Updated 

After meeting resistance at .25c (twice) and forming a double top, the price has been in a stedy decline and is sandwiched between the down trendline and the 200 day MA. There is also a massive gap from March 2018 between .12c and .15c that has not been filled yet. There is a strong possibility that we may see that happen in the near term. This is not...

UnknownUnicorn792892 Updated 

There is a potential H & S forming. The .66c -.70c level is critical. A break of the neckline and the up channel will see the price seeking support lower around the .56c level. Let's see if the 200 day MA provides support or the rpice breaks down. Note the fib levels for bounces in price especially the 0.382 and its close proximity to the 200 day MA. The purple...

UnknownUnicorn792892 Updated 

There has been significant pain for the loyal shareholders and is there more to come ? If the price drops below this level, it will breach support and will move to cover the gap from June 2017. It may find some support at .15 - .16 level from the 200 day MA. Price needs to crack above .22c to keep the dream alive. Please note that this is not a buy or sell...

UnknownUnicorn792892

The price has been making lower lows and the trend line for the highs slopes downwards. $18.80 is the 50% fib retracement and that level is also supported by the 200 MA (weekly). A break in the gold price will expose the 61.8% fib level at $16.83 (which was also the previous low in Dec 2016 as well as June 2006 and Oct 2008 ) though my gut feeling is that the drop...

UnknownUnicorn792892 Updated 

Price borders on the long term trend line and will be see a breakout or a pullback ? depends on the movement of the gold price. A break up will see a retest of the .25c zone which is historical S & R.

UnknownUnicorn792892

After forming a H & s in January 2018, the price dropped dramatically down to .022c retracing almost 100% of the move up. In the last month price has doubled and moved above the 50 DMA to 0.044c. It also broke out of a falling wedge with good volume. We may see a retest of the lows before it bounces upwards. Watch for the opportunity but as usual this is not a...

UnknownUnicorn792892 Updated 

Having broken thru the .80 zone of support, the downtrend continues with a strong bearish candle for the week (ending tomorrow 07/09). The next level of support is at .67 (the .618 fib level) before it continues to .60 (historical resistance when the script was moving up) . If the stock markets move down due to world events, I cannot discount the price reaching...

UnknownUnicorn792892

There are 2 fib levels on the chart. The fib level marked on the left are for the move up from Feb 2016 whilst those on the right are from April 2018. There is a point of confluence (PoC) marked on the chart where the fibs are in close range and are supported by the rising weekly 50 day MA (and also the daily 200 day MA if you switch the chart to daily). A break...

UnknownUnicorn792892

Price is challenging support at .08c again. If it breaks below, the next support level is .058 -.6c. The upside is capped by the 50 day MA and the 200 day MA. I do not forsee any upturn. In fact descending triangles are normally break in the direction of the trend but then this is not a buy or sell recommendation nor should be construed as invetment advice.

UnknownUnicorn792892

Sudden bursts and spikes on news only to be met with selling pressure has kept LOM between .20 and .30. The future is quite uncertain and I do not see a sparkle in it.

UnknownUnicorn792892 Updated 

The short term shows a downtrend aiming to fill the price gap from Feb 2018. It has broken the long term trend line and hit resistance at .21c. It is making an impulsive wave down to the .12- .15c which is the next support level. 0.12 is also the retracement .618 fib level of the move up and a historical resistance - where I expect it to get support. Please do not...

UnknownUnicorn792892 Updated 

The price has previously hit .46c and retracted to the .618 fib level in July -Aug 2018. It is now back at .46c and the rising channel is supported by the 50 day MA. Will it break thru or retract ? If it breaks thru with a strong momentum, we are looking at price making new highs, probably after a retest of the .46c level.

UnknownUnicorn792892

After breaking thru the $2.50 -2.65 zone (and below the long term trendline) the price is retesting that level. A break below will target the 2.05 level which is historical support/resistance. However if the general market sentiment turns negative, then $1.85 is the next support level. These are my personal observations on the price action and should not be...