Friday session shows in point and figure charting an Ascending Triple Breakout with a Bullish Price Objective of 1189....AMEN:) Can we c this breakout in our traditional charting?
Can we sustain the momentum until earnings ? nice breakout :)
Looks like a nice breakout after 2 month trading in a range. Another company that is benefitting from our new reality.
Tasks : u need to get above 200 DMA u need to close the gap u need to get more expensive/ GOOD LUCK
Looks like a nice breakout from previous resistance , can it hold?
Gold futures looks very weak and contradictory 2 my outlook on Barrick Gold. is 1770 in the cards?
Looks like we r forming an Ascending triangle on Barrick gold ($GOLD $ABX) I was considering selling my position on ABX but then i noticed this Ascending triangle if and when/ .
Does it Look like a breakout is about 2 happen this week? in my eyes yes but one can never know. For educational only.
looks like shop is forming an Ascending triangle?
Looks like an Ascending triangle is forming....still need another 1 or 2 flirts with the up trend line b4 the breakout ?
Can we c this picking up the momentum just b4 earnings ?
Waiting 4 the breakout of the upper flat line of the triangle with earnings tomorrow - it might be delayed 4 next week?
Gold historically had a negative correlation to stocks and other financial instrument. With our reality change we can c gold leading the stock markets? can we point out the reasons? 1. Most ppl hedge their portfolio with gold for Diversification 2. Weakness of the u.s Dollar 3. Financial uncertainty 4. World tension 5. Increasing Demand 6. Geopolitical...
Recently, I was exposed to Wyckoff Events and Phases and discovered that the triangles I use is a Phase in Wyckoff Events Therefore, they get more significance even to those who doubt this amazing pattern, This specific ascending triangle is Phase c in the Accumulation Schematic of Wyckoff where bottoms r made. Let's c how and if it works by the book?
If this is a classic Ascending Triangle' we need 2 c a Break through the upper flat line in about a week or so around earnings . Just testing my Crystal ball/
Can we c twtr getting back in between the upward lines until earnings coming soon (2 weeks time)? I'de like 2 c the bull cross of 50 and 200 DMA .- BTW , I noticed in a few assets that almost golden cross , I know its a late sign but.... better be late then never.