This is a very long term chart! - We are bullish on commodities, especially metals. -MACD spreading on Weekly and holding... 5 month bearish trend broken Model Forecast for Galaxy Resources Ltd: Buy recommendation for low-cost brine and scalable spodumene producers. This is a very long term chart! -Break 29 month Downtrend The ASX has hit the bearish market hard in march 2020. Moving Average Convergence Divergence (MACD) is defined as a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. I will be looking for a small retracement if this happens, where I will open a long position. - RSI>50, RSI<70 I feel this channel wont hold and a further breakdown will ensue Galaxy Resources Ltd. engages in production of lithium concentrate and exploration of mineral properties. - Breakout with ok volume today. TP: 76.69 TP2: 5.34 Welcome your comments, thanks! Textbook inverted head and shoulder pattern. All strong indications this move has more to run. The company was founded on January 15, 1996 and is headquartered in Applecross, Australia. The leg of the scallop has been extended so far that momentum has decreased and bearish momentum has been engaged Long on Silver, (ASX = overvalued) + (Silver = undervalued) = $$$. SL: 3.65 The Argentina segment refers to the development of the Sal de Vida project, and exploration for minerals. using fibonacci spiral for a support which is also a .236 retracement from the top formed TP1: 71.28 Above Ichimoku cloud on the 2h chart. Short selling also weakening - Model has produced Line of Least Resistance Elliot Wave for GXY. - 100MA cross below 200MA, It looks the ASX is going to close the month below the neckline, Gold prices looking strong with equity's looking weak. - Cup and Handle breakout. Idea for ASX Multiple ascending scallops using fibonacci spiral for a support which is also a .236 retracement from the top formed I've made a few ASX ideas lately but i'm Australian so i feel it suits. Just my opinion but another feather in the cap of GOLD/SILVER. After GXY put in a clear bottom and started its up trend momentum, I have taken a small position at 1.30 (could have got a better entry tbh and was in the red for a week or so) but have since added to the position making my current entry average 1.37 as of the 11/11/2020. - Daily RS -ve Just ride the way and play the ups and downs. Possible Reasons For Failure 2. Higher than expected adoption... GALAXY RESOURCES (ASX:GXY) Has been locked in a fierce downtrend since Dec 2017 but has just broken out!! personally i love these 1 pip increase each day instead of a massive increase. All we need is a little retracement towards the Support level and trendline Support level of $2.45 where it may come to backtest and... Lithium is a key component within a battery, with the advancements of electric vehicles and the pursuit of greener ways to live our lives batteries have become a strong focus point for the future. TP1: 4.49 asx looks to be beginning hourly c wave down before trend continuation to the upside. +5% on IUGNF anyone want to make a chart prediction for next week? OBV, MACD showing bullish interest Moving Average Convergence Divergence (MACD), ASX.ASX_Range Breakout and Retrace Trade_Long. We explore what the MACD indicator looks like on an example chart and how you can read it to gain trading insight. ENTRY: 4.04 - Galaxy Resources is a leading producer and developer of lithium. - Daily MACD +ve Price has broken out of the recent ST downtrend (22/05/19 - 02/01/20) #ASX200 - MA aligned The Bottom is way off. TP2: 68.34 It seems that it has already made a High in October 2020 and since it was very overbought, the price action since the last 4-5 months have been bearish and it has become toppy. - RSI<30 SL: 76.30 Its products and services include listing and issuer services; trading venue; clearing and settlement activities; exchange-traded and over-the-counter products; and information and technical services. -Buying volume returning to the market Overall Average: 40% Buy. buckle up this market has a bounce incoming There is a bullish candlestick printed with decent volume where price broke the recent downtrend (02/01/20) Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal. If the 4hr candle closes strong, it will also be a bullish engulfing pattern. Pricing Strengths Pre & Post COVID Despite Weak Fundamentals Outlook I am very bearish on Australian stocks. - Weekly MACD +ve - Weekly RS -ve The ASX was able to hit the resistance line. - Daily MACD +ve Support at low 0.7c proved strong Shooting star under a key trend line and macro fib. Manipulated global panic cause the largest and most devastating destruction around the world and this market gonna go boom somehow ð§ - Weekly FFI +ve The Canada segment covers the development of the James Bay project, and exploration for minerals. Multiple ascending scallops Moving Average Convergence Divergence (MACD), Long position in GXY and the lithium sector. Recent breakout from support wedge Showing the potential bearishness is an ascending scallop 1. ENTRY: 73.70 - ADX<20 Goooooood Evening, my apes ! 1. Looking for profit taking zone at around 1.26 then another at 1.53. - Weekly FFI +ve Momentum may fade and continue... Called this on a big harmonic a while back with bottom target around 90c, it's bottomed by the looks and has sprung back up let's see if it can continue to grind higher. I've made a few ASX ideas lately but i'm Australian so i feel it suits. 4. Time frames: 27 predefined and now a full customizable options . Factors relative performance of brine players such as ORE pre COVID vs. relative strength in spodumene producers after COVID selloff GLHF, SL: 71.29 #BTC DPT Although it is still within a larger channel 1. - Weekly RS +ve Didn't hold weekly key level. - ADX>20 I am being very cautious in the market now. Prefer to be higher. Look at this monthly wick itâs dying to bounce up 1st of April is the new wick all the stimulus etc,etc, - ADX>25 A bounce off the SMA should hopefully pave the way into a new bullish trend. - MAs are aligned - Daily FFI +ve - Daily RS +ve Idea for ASX We will see. Our company page charting tool includes 8 different chart types, the popular line, Area, OHLC, HLC, candlestick, Bar and Dot. First time using fib circles :). The Australia segment includes the development and operation of the Mt Cattlin spodumene mine, and exploration for minerals. Read latest news here There is a gap at $1.29 which I would be looking to target. I think we have a way to go yet and will see this thing playing out for months to come as businesses default, housing crashes etc. ! Iâm somewhat dissapointed and a little saddened by the fact... We are in a much worse situation than the GFC. - Daily FFI +ve Targets As Below. - Breakout with decent volume on 14 Apr 2021 Price has broken down from this curved structure We absolutely do not provide financial advice in any shape or form. Potential market bottoms forming for PLS & GXY. It operates through the following segments: Corporate, Australia, Argentina and Canada. If lithium price keeps going up gxy looking in good shape. - RSI>50, RSI>70 Lets see how if plays out. Most markets take a long time to recover. It was able to recover in a matter of months. This technical analysis guide explains what the moving average convergence divergence indicator (MACD) is, and how traders use it to exercise trading strategies. Sun Tzu Art of War : Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin, EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF, Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc, S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index, Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin, US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y. Australia has the 5th highest amount of lithium in the world making it a reliable source of lithium and in 2019 it was the highest producer of lithium in the world. After GXY put in a clear bottom and started its up trend momentum, I have taken a small position at 1.30 (could have got a better entry tbh and was in the red for a week or so) but have since added to the position making my current entry average 1.37 as of the 11/11/2020. - Weekly MACD +ve Catalysts Disclaimer: We do not... GXY seems to have taken off north, after breaking out of the triangle with very High Volume, so any retracement lower shall be a fantastic buying opportunity as it has been in a clear uptrend forming higher highs and higher lows. GXY has broken through the upper channel on high volume. The company was founded in April 1987 and is headquartered in Sydney, Australia. Aussie Spodumene Miners Potential Bottom - GXY, $GXY - tattoo that pattern in the back of your eyelides. Barley is... hey traders, Price made a higher low of 84c (06/12/19) ... Monday looks to be a good open for ASX. Break of long term downtrend and Volume returning to the market will see GXY build new Market Structure and Create Uptrend Potential. We have witnessed a superb rally over the years since the start of 2009, but at current levels it seems that ASX may have already started to rollover for a deeper pullback. GXY during March 2020 became debt free and ready for growth. 3. 1. My main hold is in Miners at this point. Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin, EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF, Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc, S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index, Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin, US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y, ENTRY: 73.62 Follow the ASX 200 live with the real-time chart and read the latest ASX 200 news, forecast and analysis articles for expert trading insights. I've had a wonderfully relaxing stroll on the beach with my Vizslas, and am now ready to buckle-down and prep for another week of hedgie fookery. Had a little retracement today which was expected after a aggressive run. It was a beautiful, clear, blue-skied, sunny day here in SoCal. The MACD bars are solid and stochastic is also hanging onto the green shaded area. ASX Ltd. engages in operating a securities exchange. 2. - Breakout with good volume on 14 May 2021 and retraced with low volume. First published idea, go easy. This morning Galaxy has broken through the upper limit of the recent channel, on strong volume. TP around the $1.5 mark, SL $1.225. Over 13 drawing tools (Left Hand Column) The Company Page charting tool also includes 13 drawing tools that can be used to draw support and resistance levels, make notes on charts and highlight key price moves and patterns. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Overall Average Signal calculated from all 13 indicators. 1.2. The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). You can be sure of succeeding in your attacks if you only attack places which are undefended.
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