Stellar Surge [Market Geometry/EW]• STRUSDT is re-gaining some traction as it bounced off of the 0.236 retracement and the orange support line ($0.0248) . Looks like it’s retesting the yellow resistance line ($0.0292) of the channel, and if broken it could continue onward to test the green support line and the 0.382 retracement
level ($0.0346) ; as it did on wave B to C of the correction wave. It has also broken the short-term downward trend and could yield a very nice profit opportunity on a long position. If risk management is used correctly. There are 3 take profit zones (1: $0.0528, 2: $0.0664, 3: $0.0823) at each of the higher Fibonacci levels. Depending on how risky the trader is he/she might want to wait until a downtrend presents it’s self near the take profit levels indicating a confirmation of a trend reversal or use trend reversal patterns to determine if a reversal is imminent. If however the yellow resistance proves strong , and it falls down to the orange support line or the 0.236 retracement , we could see a retest of the support . If candle closes below the support, it is recommended exiting your position and buying in lower at the red support line. Each ‘Take Profit’ zone has been labeled #1-#3 ; as well as a zone where you should exit the trade or set your stop/loss to a bit under it and buy back in once solid support is met at the red support line.
• Aroon : Aroon Down (White) line has been zig-zagging up and down indicating the trend could be reversing soon and the market is unsure of which way it wants to go, the Aroon Down line is currently above the Aroon Up (Blue) line meaning there is a downtrend, however the Aroon Down line is not above 70 meaning the trend is not very strong and starting to exhaust itself.
• Godmode : The white line is approaching the blue line while moving upward, indicating a potential buy opportunity when the white line is about to touch the blue line; it also indicates an uptrend as the next move. The blue line is above 30 indicating the downward trend is almost exhausted . Caution dots appeared at 20 also indicating there is support from beneath trying to push it back up .
• Fibonacci Arcs : Act as curved support and resistance lines. Thin lines are weaker , while thick lines are stronger.
• Buy: $0.0260
• Sell: 1: $0.0528, 2: $0.0664, 3: $0.0823
• Stop/Loss: $0.0205/0.0230
Harmony
Harmony For Longers :)Factom is a solid company with talented people. Always coming up with new ideas.
Now it's time to long their currency.
Fundamental
About a month ago Factom released a new product, Harmony.
Watch this video and you will see why I am bullish:
www.youtube.com
Especially the part inbetween 7.00-7-20.
"We have three very very large financial institutions that we are in contract negotiations with.."
This could be big, and make my sell area hit very easily.
Technical
On the longer timeframe I am looking at a channel. And I want to sell at the top of it.
It has broken out of a triangle with good volume and we have lots of support areas below the current price.
On a shorter time frame:
I see 3 support lines and I will sell off/stop loss some of my position for every line that is broken.
Weak Line: Sell off 20% if this line gets broken
Strong Line: Sell 30% if this line gets broken.
Even Stronger Line: Get out completely from the trade.
Buy (0.0055)
Sell (0.012)
Stop Loss (See Above)
Harmony Gold Mining LONG! Or who wants to 580% profits?The commodity cycle turned. The company's shares turned to a long position. The company's performance improves, production increases, profit increases. However, the company still cheap!
Enterprise Value/EBITDA 3.25 !
Price/Earnings 5.7 !!
Debt/EBITDA 0.2 !!!
Show me a company with these figures!? How is that even possible? This is possible only in the lower part of the commodity cycle.
Buy $2.75, objective $16. That is 580% of the profits.
I've confirmed to my forecast, my purchase. I bought shares and I will keep them to $16 minimum. This is a long term position for several years. Maybe the price will drop to 2, 1 dollars, this is a good chance buy your way back and earn 1000%
The cancellation scenario is not! No stops! Minimum goal of $16!
p.s. Stock - is not a line in the terminal, but a share in a real company! There will always be people who will want this share to increase!
HMY - Correction Nearing an EndHarmony Gold is following the correction seen across the gold miners. I see two similar counts playing out over the next few weeks:
Blue count: the whole wave C is an ending diagonal and we are currently in wave iv of the final move down.
Red count: an alternative count would see us fall to lower lows beginning of next week to complete wave iii of C and then make one last bounce upwards before the final leg down.
Either count would have HMY bottom within a month or so and potentially take us down to the 2.60-2.40 range.
Harmony Gold Mining Daily (12.09.2014) Tech AnalysisThe Harmony Gold Mining (HMY) Daily Diagram Technical Analysis Training shows the following:
The (HMY) share reacted yesterday making a bullish engulfing that we expect a confirmation today. Yesterday, at the end, almost all Gold Mining Shares turn upside. RSI is oversold. MACD is bearish.
The share is under the KUMO, the Kijun Sen and Tenkan Sen too (bearish). In addition it is under EMA 200.
As you can see on the diagram HMY until today had found strong support at this level.
All are bearish but be cautious about the share and the XAUUSD for a reversal.