$FNV daily chart breakout from symmetrical triangle
Updated
One for you "gold bugs" out there
FNV has formed a symmetrical triangle pattern since SEP
On the back of strong move from gold prices in the past 3 sessions we notice strong volumes (above 600k/day while avg is around 500k/day)
MACD crossed bullish signal and histogram now positive, RSI well into positive area and space to go higher
Look for a sustained breakout today AND a CLOSE above the downward trendline in order to participate
Targets :
T1 - YtD high at 101.19
T2 - measured move of the breakout around 106.95
Good luck,
TA
FNV has formed a symmetrical triangle pattern since SEPOn the back of strong move from gold prices in the past 3 sessions we notice strong volumes (above 600k/day while avg is around 500k/day)
MACD crossed bullish signal and histogram now positive, RSI well into positive area and space to go higher
Look for a sustained breakout today AND a CLOSE above the downward trendline in order to participate
Targets :
T1 - YtD high at 101.19
T2 - measured move of the breakout around 106.95
Good luck,
TA
Trade active
T1 reachedCongrats longs
TA
Trade closed: target reached
T2 reachedCongrats longs,
TA
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