chsmit

chsmit

Nvidia In the last 5 weeks, Nvidia's shareprice has run 45% From a pure technical perspective: 1. Shareprice is 37% above its 20 week moving average (black line). 2. Shareprice is far outside of its bollinger bands, thus, extremely overbaught. 3. The current week candle looks like a doji candle, which indicates indecision. 4. The sequential count is currently...

chsmit

Fundamentals: The US #10year #yield is aiming for 4% whilst the US 2 year yield is aiming its previous hight. This is most probably on the back of higher sticky inflation which will require higher rates from the FED. This development is positive for the relative strenth of the #dollar in the #dxy Technicals: On a weekly graph, the DXY (inspite of a short spike)...

chsmit

Fundamentals: The US #10year #yield is aiming for 4% whilst the US 2 year yield is aiming its previous hight. This is most probably on the back of higher sticky inflation which will require higher rates from the FED. This development is positive for the relative strenth of the #dollar in the #dxy Technicals: On a weekly graph, the DXY (inspite of a short spike)...

chsmit

So much hipe in this stock during 2022, and for good reason with its helium and natural gas story. However, this is a high risk stock as it is still in its baby shoes. Technical sentiment indicates that we might see #Renegen price even lower. The downtrend in #Renegen share price is now trading on the right shoulder neckline of the head & shoulders pattern it has...

chsmit

On Sunday OPEC+ announced: The 3.6mil bpd production cuts, will extend into 2024. Saudi's will cut an additional 1mil bpd from July 2023. The #oil #price opened higher on Sunday evening futures open. It now looks like we have an inverse head & shoulders on the price of oil, taking the price into the mid and upper $70s. This may pave the way for oil being in the...

chsmit

Looks like high probability that we sill see #gold in the mid 1800s again shortly based on technicals. Fundamentally we have sticky inflation and a strong jobs market in US, which lends to another rate hike, thus recessionary trade taking a backseat for the short term.

chsmit

With the greater market at a knife's point and the US economy waiting for something else to break and recession to kick off, are we going to see Bitcoin back at the $16k level before year end?

chsmit

Is the DXY consolidating in a bullflag pattern? I give the benefit of the doubt to the DXY that we are still to see its highpoint. Lets keep an eye on the DXY as we could see some major upside in the near term, possibly triggered by strong core CPI figures due later this week.

chsmit

DXY made a 382 fib retracement from recent high. DXY currently on 4hour 50 period moving average. DXY stochastic on 4 hour graph is oversold. Is this perhaps the end of a B leg and we are setting up for a C leg higher? Based on the CPI figures of yesterday, I would say that probability is for DXY going higher. This in turn might mean with probability that US...

chsmit

Bitcoin has just touched the bottom edge of a multi week rising wedge. With 10year yields rising, risk-takers are running, so we might now see bitcoin rising wedge pattern play out with the price of Bitcoin falling to $20,000 odd levels.

chsmit

Is #CML #Coronation a buy at these levels? Well on a weekly graph, over the past couple of years this share has traded in a descending channel. We are currently just below the mid-point of this channel. Image 1 TD indicator on the weekly chart shows extreme oversold levels and we have reached a perfected 9. Image 2 The stochastic indicator shows extreme...

chsmit

So the 10 year yield has run hard on interest rate hike expectations. However, as can be seen from the chart, the yield is currently about 93% above its 50 month moving average, the highest it has ever been...by far. Using the TD indicator one can also see that the yields are potentially topping this month. As can be seen from the Stochastic and RSI below, both...

chsmit

It looks like the #USDZAR South African Rand will test R16.70 in the very near future. If this happens, brace yourself for even a weaker Rand. However, slide in Rand is also because of falling commodity prices. This fall may be at a turning point right now with the dollar that might have reached a top which will boost commodity prices. Thus, short term forcast...

chsmit

o Two main drivers for the DXY over the last couple of weeks / months are: Interest rate expectations Worse currency performances by the EURO JPY However, the weekly graph of DXY is in extreme overbaught territories with the TD indicator currently on a 9 Also the weekly graph of the DXY has a TD indicator of 9 Stochastics and RSI is also in overbaught...

chsmit

Two main drivers for the DXY over the last couple of weeks / months are: Interest rate expectations Worse currency performances by the EURO JPY However, the weekly graph of DXY is in extreme overbaught territories with the TD indicator currently on a 9 Also the weekly graph of the DXY has a TD indicator of 9 Stochastics and RSI is also in overbaught...

chsmit

By the looks of it, we are working on a right shoulder of the inverse head-and-shoulders pattern. Projected move will take gold's price up to the high we achieved 24 Feb when Ukraine was invaded. This is a bullish development in the price of gold as simultaniously the DXY is also moving higher. #gold

chsmit

solid white lines - multi year trend line blue moving average line - 50 week MA red moving average line - 200 week MA pink moving average line - 128 week MA It seems like the #DXY got rejected at the 618 fib retracement level. As it is currently in a rising wedge pattern, if we break the wedge to downside, 95.13 will most like be temporary support, however: Based...

chsmit

#SPAR shareprice is showing great weakness: Consolidation range SPAR is currently trading within a multi year consolidation range (between white trend lines). However it is trading near the bottom end of this range, already showing some weakness. Head & Shoulders The purple line indicates the multi-year pattarn's neckline. If it breaks to the downside, this...