Hi All
A few updates on some stocks for trading opportunities.
PLS
Last week i called a BUY on PLS ( red arrow ), based on increased volume, SP above the 4 , 8 & 21 ema, but it ended up being a complete fake out unfortunately.
SP ended up hitting the 786 fib support instead, but it didnt hit for very long and the follow up candle ( yellow arrow ) is suggesting a bullish harami candle pattern, indicating PLS might have seen the low and a reversal is pending.
I certainly aint going to be suggesting a BUY here yet, need to see SP break 50 fib resistance and get above the 21 ema once again, need to also see the green line converge and get past the red signal line on the MACD plus see RSI 14 create a positive trend up.
SENTIMENT.................HOLD
DISCLOSURE...............I hold , bought at the red arrow, under water atm.......
LTR
LTR went completely nuts on Friday, massive volume creating a beautiful bullish engulfing candle ( yellow arrow ), minor sub wave 3 up is definitely on right now, with all indicators bullish.
So would you BUY now ?
Looking at the hourly chart, its massively over bought, MACD & RSI 14 have peaked and surpassed the all time highs ( upper red lines ), not saying it wont go higher as the MACRO was bullish on Friday night so momentum may continue, but where is the value for the punter thats not in ?
I would wait for the " imminent " retrace before putting my toe in.
SENTIMENT.................HOLD
DISCLOSURE..............I hold, bought at 142, looking for signs to SELL and buy back in at a lower price......
LRS
Not going to lie, boring as bat shit this stock.
Range bound, low volume, indicators neutral.
Personally, i wouldnt BUY this stock until the strong 23 fib ( 13.73 ) resistance breaks to the upside, then very little resistance holding it back, could be a exciting ride.
Sentiment...........HOLD / ACCUMULATE
Disclosure...........I hold.
AKE
AKE looks primed for a breakout and confirm minor sub wave 3 up.
a) MACD..........green line converging with the red signal line, histogram now neutral, bias leans towards a break out and a positive histogram to form.
b) RSI 14 has come off oversold 29 nicely, and now primed for a clear break of the important 50 line.
To confirm minor wave 3 up, a break of the 23 fib resistance ( 12.17 ) would be required, which would also result in the SP breaching the 21 ema too............then its a BUY.
Until then.
Sentiment............HOLD / ACCUMULATE
Disclosure............I dont hold ( yet )
CXO
CXO finally getting its groove on.
a) MACD..........green line has broken upwards from the red signal line
b) RSI 14 ...........displaying a bullish trend
c) SP above all the emas ( yellow arrow )
I have no complaints.
Sentiment.......................BUY
Disclosure.....................I dont hold ( yet )
RNU
RNU has fallen away since i last reviewed this stock.
That being said, it looks to have found support @ 20 and there are many green shoots appearing , suggesting that a BUY aint far away.
A break of the 24 resistance line would confirm a change of trend, thus confirming BUY.
Until then.
Sentiment................HOLD / ACCUMULATE
Disclosure................I dont hold
GOLD
Gold is looking bullish, so what gold stocks would be a good trading opportunity to take advantage of this trend ?
EVN
EVN not only producing gold, but copper too.
A break of the 23 fib resistance ( 304 ) would confirm a BUY for me.
Sentiment...............HOLD / ACCUMULATE
Disclosure.............I hold, bought my first parcel at 2.83, will add when 23 fib is broken to the upside.
A few updates on some stocks for trading opportunities.
PLS
Last week i called a BUY on PLS ( red arrow ), based on increased volume, SP above the 4 , 8 & 21 ema, but it ended up being a complete fake out unfortunately.
SP ended up hitting the 786 fib support instead, but it didnt hit for very long and the follow up candle ( yellow arrow ) is suggesting a bullish harami candle pattern, indicating PLS might have seen the low and a reversal is pending.
I certainly aint going to be suggesting a BUY here yet, need to see SP break 50 fib resistance and get above the 21 ema once again, need to also see the green line converge and get past the red signal line on the MACD plus see RSI 14 create a positive trend up.
SENTIMENT.................HOLD
DISCLOSURE...............I hold , bought at the red arrow, under water atm.......
LTR
LTR went completely nuts on Friday, massive volume creating a beautiful bullish engulfing candle ( yellow arrow ), minor sub wave 3 up is definitely on right now, with all indicators bullish.
So would you BUY now ?
Looking at the hourly chart, its massively over bought, MACD & RSI 14 have peaked and surpassed the all time highs ( upper red lines ), not saying it wont go higher as the MACRO was bullish on Friday night so momentum may continue, but where is the value for the punter thats not in ?
I would wait for the " imminent " retrace before putting my toe in.
SENTIMENT.................HOLD
DISCLOSURE..............I hold, bought at 142, looking for signs to SELL and buy back in at a lower price......
LRS
Not going to lie, boring as bat shit this stock.
Range bound, low volume, indicators neutral.
Personally, i wouldnt BUY this stock until the strong 23 fib ( 13.73 ) resistance breaks to the upside, then very little resistance holding it back, could be a exciting ride.
Sentiment...........HOLD / ACCUMULATE
Disclosure...........I hold.
AKE
AKE looks primed for a breakout and confirm minor sub wave 3 up.
a) MACD..........green line converging with the red signal line, histogram now neutral, bias leans towards a break out and a positive histogram to form.
b) RSI 14 has come off oversold 29 nicely, and now primed for a clear break of the important 50 line.
To confirm minor wave 3 up, a break of the 23 fib resistance ( 12.17 ) would be required, which would also result in the SP breaching the 21 ema too............then its a BUY.
Until then.
Sentiment............HOLD / ACCUMULATE
Disclosure............I dont hold ( yet )
CXO
CXO finally getting its groove on.
a) MACD..........green line has broken upwards from the red signal line
b) RSI 14 ...........displaying a bullish trend
c) SP above all the emas ( yellow arrow )
I have no complaints.
Sentiment.......................BUY
Disclosure.....................I dont hold ( yet )
RNU
RNU has fallen away since i last reviewed this stock.
That being said, it looks to have found support @ 20 and there are many green shoots appearing , suggesting that a BUY aint far away.
A break of the 24 resistance line would confirm a change of trend, thus confirming BUY.
Until then.
Sentiment................HOLD / ACCUMULATE
Disclosure................I dont hold
GOLD
Gold is looking bullish, so what gold stocks would be a good trading opportunity to take advantage of this trend ?
EVN
EVN not only producing gold, but copper too.
A break of the 23 fib resistance ( 304 ) would confirm a BUY for me.
Sentiment...............HOLD / ACCUMULATE
Disclosure.............I hold, bought my first parcel at 2.83, will add when 23 fib is broken to the upside.