500 Fibonacci Retracement
FOSYF - Uranium stock off 500 Retracement MICRO Mining OTCForsyth Metals is down to 500fibretracement entry. Canadian stocks are still in decline from last week, while Uranium stocks should bounce very soon.
Await bounce entry.
OTC:FOSYF
AMEX:UEC
UUUU
NYSE:CCJ
AMEX:DNN
NYSE:RIO
Lithium Battery Grind - TESLA vendor playLIACF is likely provider to TESLA for their batteries and 2h north of plant and founded in 2016, good TESLA timing for Lithium.
They have cheapest mining processes and under pressure from market correction and headed to 0.35-0.39 from current price
before hitting resistance. Looking at LIACF opportunity for entrance and solid 20-30% rebound vs BITFINEX:BTCUSD
Intel resistance INTC NVDA AMD
Advanced self-driving cars will need processors and GPU's, which means Intel and NVDA or AMD likely. Would you put another brand in with that risk?
Intel as at 618 Fib Retracement near 48.48, actual 48.53 right now and hitting resistance today. Expecting midterm election will drive this up to 500 or higher retrace soon.
4h, day and week are all showing same resistance. Playing that market going up with the big boys needing to put money to work.
HEXO Cannabis Investing - The dip b4 big money...still dippingSo Cannabis investors, HEXO is at the a dip and 786 fib retracement. Is this the dip before a November federal bill allowing legalization state by state, or will it go near full retracement?
High 9.29, current 5.70, full retracement 3.98.
Canopy Growth is 618 fib retracement. The better the stock the lower the dip. I'm using weekly charts and than switching to 1 day and 4 hour charts for potential limit entries.
Other favorites are Tilray (TLRY), GW Pharmaceuticals (GWPH) and CBD suppliers CVSI and CBDS.
We're getting hammered from credit debt and waiting for the final hammer to drop.
TSX:HEXO OTC:HYYDF
CGC CRON NASDAQ:TLRY NASDAQ:GWPH OTC:CVSI OTC:CBDS
Pick & shovel options:
OTC:BLOZF THC Test devices...riskiest play in my view.
OTC:KSHB Packaging, labels, and extraction products
NYSE:SMG Hydroponics, equipment, fertilizers
NYSE:IIPR REIT asset leasing, property
OTC:MNTR Financing, asset leasing, property
HG1! Is Copper ready to make a move?HG HG1!
Copper has been bottoming for quite some time. Economic trends are plumbing/housing, electronics, and EV vehicles, so let's step back and review.
* Oversupply for quite some time.
* Copper prices are historically peak in December.
* Housing/construction build rates for SF/MF/5+units is steady Yr/Yr for 5-yr and slight growth if any.
* Electronics is in steep decline from overstock parts and US-China trade war
* Electric vehicles are the new growth at 150+ lb. / vehicle for motor windings for copper, trend to continue as EV Class 8 heavy trucks will use 300+ lb. / truck (TESLA/NAV)
* Current chart showing upward movement from 618fibretracement to 500fibretracement as positive.
Maybe a micro trend without larger scope of current global economy, but something to watch for safe haven opportunities. VIX
The yuan hit a fresh 21-month low against the U.S. dollar Thursday, and the Shanghai Composite Index has lost about a quarter of its value so far in 2018.
ASX:KRC NSE:HINDCOPPER ASX:NZC OTC:CPPMF AMEX:COPX NYSE:SCCO ASX:CCZ TSX:NCU FWB:COQ OTC:HDRSF CCJ
SIRI - Fibretrace at 0.618SIRI has acquired Pandora (P) and will likely increase subscriptions in coming quarters.
Earnings coming Oct. 26th
Dividend currently measly $0.01/Qtr or $0.04, or 0.64% with current price.
Unless market further corrects this should bounce to 0.500 fibretrace next week for 5% jump, ideally 382 for 10% target.
Placing low ball open order below this at $6.15.
