PALL resurgence medium termLooks like PALL is repeating a previous pattern. Very cyclic and resolves well with Williams Vix Fix. I see a local bottom that was supported with strong resistance from Aug 2021 to current. If growth is continued as anticipated, this commodity will rebound. If safe havens are sought, this commodity will also grow. Solid indicator data fitting PALL for a 20%+ gain in the next 2-3 months. Short term - I think the buy is in the 170-175 range within the next week or two.
For ease of interp - lime green indicates local bottom.
Just my thoughts.
Williamsvixfix
EGR - onward and upward?Quick look at EGR which is looking at a nice end to 2020.
After a run-up in September following positive news, EGR dropped off and failed to break through the 0.382 fib resistance.
Support has been found at $0.14 (Support 1), confirmed by WVF which strongly indicates market bottoms at this level.
Trading has since pushed away from Support 1 and the 0.5 fib resistance has been tested multiple times in the past week.
A positive end to the trading week sees EGR placed to test the 0.5 fib resistance again next week, after entering an upward-trend channel.
This is likely to continue as indicated by the WVF trend, in addition to a decrease in volatility as per BBW and a change in momentum indicated by the MACD.
If the 0.5 fib resistance is broken there is a good chance that this will run up to the previous 0.382 fib resistance.
OSP - where to from here?We look at ASX:OSP after a rapid mid-year rise and subsequent fall-off.
After entering the downtrend in August, ASX:OSP hit a support of $0.022 before failing to break through 0.618 fib resistance. Subsequently the previous support of $0.022 turned into resistance.
New 'Support 1' of $0.018 was found which ASX:OSP has looked to have bounced off at the start of November.
Four-month downtrend will be tested again next week and will dictate how the remainder of 2020's trading plays out.
Crucially, DMI+ crossed over the ADX in early November and this still remains (although close to the 25 level which is the rule of thumb for trend significance)
In addition, standard Stoch is showing a movement away from oversold.
Finally, the WVF is hinting at a movement away from market bottoms.
An interesting stock to watch over the next week - a movement away from Support 1 is likely and even trading sideways would see the four-month downtrend broken.
Volatility decreased, but price hasn't responded.Chainlink crypto (LINKUSD) 3 hour timeframe volatility as measured by williams VIX Fix Indicator has decreased which would normally indicate higher prices. however price has remained below green horizontal line. Expecting price to rally in short term at least to above green line.
THETA Crypto Bullish Triangle / Pennant PatternTriangle / Pennant Pattern on crypto Theta. Has a recent history of breaking out to the upside, volatility on williams vix fix declining so my guess is breakout to the upside.
Previous divergence of vix lead to breakout to the upside not long ago. Current Vix Reading not quite diverging from price but nonetheless it is declining with the pattern forming.
AAOI will eventually recover but bottom hasn't arrived yetCurrently a falling knife while its sector is suffering cyclicality. AAOI will need to come clean on whether AMZN and FB have been lost. Chinese competition is pulling the sector down with possibly more supplies than demand. Add to that the weakened investor confidence in AAOI management. My suggestion is that you either short this or stay on the sidelines until after next ER. If ER disappoints, this will bleed to $25 if not below. Also, looks like institutions are dumping this since the beginning of December: fintel.io
(1D) AUDCAD ripe for a longI see a pull back in an uptrend on the daily, bouncing off a trend line with an aggressive Williams-Vix-Fix (WVF) signal. Aggressive WVF signals tend to fail but are more reliable when in an uptrend.
The Aroons are for the bulls, having originated from a cross at 50.
The overall trend seems strong for the upside at this point. The trend could well fail - as no one can predict the future with the markets.
Stop-losses may have to be some distance below the base of the WVF candle - depending on favoured strategy.
Disclaimer : The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. To summarise, I do not provide investment advice, nor do I make any claims or promises that any information here will lead to a profit, loss, or any other result.