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ASX:SYR ready to play in the bullish club? 🧨🚨😀🚨ASX:SYR, has lost the enthusiasm of investors since the plunge from the 6$ levels. Everyone was thinking it is a dying stock. It dropped to the abyss towards 0.150$ during the Covid crash in March 2020. But is it time to reboot this dinosaur and prepare the entry for a multi-bagger potential speculation? Lets dive deep and analyze. ASX:SYR has not been on my radars for quite a while as it was in a clear downtrend, but for the last 9 months, it seems to prepare for a well known bullish structure. that is none other than the Cup and Handle structure. This structure is inherently bullish and I am waiting to see it playing out before I open any long term position on this stock. With current situation, this Cup and Handle would be playing out if the price was to break the 1.30$ levels but remember this can only be confirmed if the breakout volume is good enough and if the price stays above the 1.3$ levels. For now, I am keeping this stock on my observation list and see what it does in next few weeks. From other Indicators point of view: Weekly PSAR says we are in a bull trend. We are above 21 Weekly EMA, which is a good sign as well. RSI is in overbought territory which worries me a little bit. The stock is near its 52 weeks high this a sign of strength. This stock is over 140% above its 200MA this is over extended and entering requires to be very careful and play well with the SL. I will keep an eye on this stock and will update you when I find anything interesting or if the structure is invalidated. Lately I have not been sharing charts and some of you asked me what happened but I am gathering great structure that potentially can lead to juicy profits. Also I am waiting to see the clear direction of the major indexes as of now we seem to be in a choppy zone and that is not a great place to be trading. it is a place to strategize. Stay safe and if you like this TA, smash the likes and share it with your friends. XTF
ASX:SYR
by xtf_ze_trader
AVZ (LONG) Catalysts galore & breaking out off BaseAVZ (LONG) Catalysts galore & breaking out off Base Catalysts: - Chart is now set up with strong bullish indicators = Bullish trend gaining momentum - Off take agreements in the pipeline - Funding to mine coming up - Final Investment Decision coming up - Tin reports still due - Further final drilling to infill the Measured & Indicated resource - Special Economic Zone (SEZ) to be announced (reduced tax) - AVZ to seek further % interest in the resource from the government. (already went from 60% - 75%, so far management are true to their word) - AVZ to refurbish the Hydro power plant (4 x cheaper than non-renewable energy) - Looking to build offtake & funding ties with Europe, Saudi Arabia and China (management do not want to put their eggs in 1 basket = A+ decision as China is bottlenecking and destroying Australian Lithium mines so they can buy them from Administration) - AVZ to build a green Lithium Mine Lots of news which is all pointing up AIMO / DYOR
ALong
by Spade_of_Aces
8
$BHP BHP Billiton, too much too soon? $JSEBHP Group in South Africa broke down towards the end of Feb from a rising bullish channel that was in place since early 2016. After breaking down from this channel, the stock dropped a further R100 very rapidly in the space of 2 weeks before bottoming out on high volume. The stock has spent the better part of 4 weeks regaining this massive drop, but i believe this has now presented us with an opportunity to short BHP Billiton in anticipation for a consolidation & correction in price. I find this area between R300 - R306 particularly important for a number of reasons: (1) we have now retested the underside of the bullish channel that was in play for the last 4 years. Normally when one see's such a big technical break, the channel which acted as support can often turn into resistance. This retest and failure can often also be seen as the "kiss of death" with a bigger drop in price to come in weeks ahead. (2) this is also the 61.8% fib retracement using the most recent lows and highs over the last year (R195 & R369) (3) this is also where we find the 50 week moving average (blue moving average) which has been a reliable indicator of support over the last 4 years, it could now become a reliable level for resistance. (4) the RSI level has reached the midpoint of its range at 50. this level will often coincide with tops when a trend turns negative in a stock (5) the last 4 weeks has seen price move higher, but each successive move higher has been accompanied by smaller price ranges and less volume (this is not a bullish price action). (6) the level at R306 was also a level of support back in October 2019, which will now likely turn into resistance on the re-test. Putting this all together leads me to believe that this area could well be worth an opportunity to take a short, with an initial target to retest the 200 week moving average (green line) at approximately (R270 - R275).
BShort
by MarcoOlevano
Apr 6 - A Short Look Ahead for Oil/UCOPrice is ranging right now within the green box. Support looks like it should hold. There may be larger powers at be that do not want crude to fall back below $25. Decent bounce off $2.50 support. I think it's safe to assume it'll hold for now. $2.78 resistance needs to break in order to continue trend upwards. Ultimately depends on the outcome of the OPEC meeting on the 9th. I believe they'll come up with a solution. It's either they do, or most of the economies around the world go into (deeper) failure.
AMEX:UCOLong
by OptiPulse
4
MEI Metioric Resources - WatchingHello, on daily 50ma lower than 100 and 200, strong down trend on this with no positive divergence on macd or RSI. however the RSI is becoming oversold. There is some longer term support between the 1.18 and 1.27 (in yellow) the last burst in the second half of 2019. this burst was a lower high than the previous one. I see this resistance as the line in the sand because after we're not far from being at zero. we should see that area tested in the coming days or weeks so we will know soon if it can hold On the weekly we have crossed the long term trend line from the top in 2005 however I do not find any significant pattern or good trend channels/lines today for the daily. We can only wait for the long term support line and test of that area to see if it holds and print some divergence I do see a gap between the 50 & 61.8 fib of the last move which is interesting. I will set an alert for this but today, exploration continues but no major results fundamentally
ASX:MEI
by djmitchb
NATGASUSD LongA technical pattern which has had a virtually 100% success rate is in effect now: look for positive and negative divergence on the CCI, coupled with a PPO-9EMA crossover and a break of support or resistance. There has not been a crossover on the PPO yet but it is flattening out nonetheless. Right now I highly suggest scaling into UGAZ and setting a stop below the recent lows. There isn't much to say on the graph because it is fairly self-explanatory from a technical perspective.
OANDA:NATGASUSDLong
by BigMouse777
EMX ROYALY CORPORATION - NYSE: $EMX One To WatchTECHNICAL For the past year, EMX Royalty Corporation NYSE: EMX has traded in a range between $1 - $1.50 despite all the gyrations throughout the resource and precious metals mining sector. While many Jr. mining stocks have had a tough go of it for the most part with the exception of the very strongest names within the group, EMX has held-up and continues to display solid technical characteristics. When observing the Daily chart above, we can see that EMX continues to trade above its 20/50 and 200 DMA's, suggesting a favorable technical posture. In addition, when extending out to the Weekly and Monthly time-frames, EMX also portrays a picture of strength. Thus, we have favorable technical characteristics across multiple time-frame durations. Therefore, both investors/traders may want to put the shares of EMX front-and-center on their radars for further monitoring moving forward as we suspect that when the next major advance ensues within the precious metals space EMX is positioned and poised to shine.
AMEX:EMX
by InsiderFinancial