r88ave

r88ave

Looks to be heading down to 11550 area before a 'big' bounce if the CPI surprises on Tues

r88ave Updated 

Having been caught out with strong rebound, I still think there’s an overall bearish trend. Would be a good short position once it hits the upper trend line.

r88ave

My take on Elliott minor wave counts.....possibly long position final E wave around 11850-11800 area brief bounce. Techincally is in downtrend overall imo

r88ave

Having risen massively initial impulse providing a high pole the shares have somewhat eased off since however the abdce pattern appears to have developed over passed few weeks correct me if I'm wrong I'm a novice by the way. I like the way it's look to be heading now, if predictions are correct minimum target could be 5p. Good volume today and it seems to be...

r88ave

Interesting correlation between strength of US dollar index and Lonmin share movement. It appears the strength of dollar gives more support to Lonmin than just price platinum futures. As rates are set to increase in US it would be interesting to see whether Lonmin will follow strength of dollar. I've gone for the punt here

r88ave Updated 

Abcde corrective mode after initial impulse wave 1

r88ave

Perfect set up for rise above 100p 'W' formation. Question is will 100p hold. I'm tempted to go long here.

r88ave

Nice weekly breakout very strong. Notice cup and handle formation Potential wave 3 in play?

r88ave

heading beyond 9p?

r88ave

Is it downward channel again ABDCE? taking to potential lows of 75p with holding from buying until it reaches this level or break out? Too much uncertainty with this one to tip my toes in at the moment.

r88ave

Not sure whether ABDCE wave will action or just a simple ABC corrective before wave 5 commencement. Have 1160 area in sight for next leg up any thoughts?