ABX trade ideas
abxover 18$ it will be a huge squeeze - I am long
vpoc of recent high to low is 18$ so big opportunity setting up
BULLISH CHARTS / INDICATORS - UPTREND, NEW CEO - STRONG BUY!BARRICK GOLD CORPORATION pulled back like we said in our initial post under ABX.
NOW...
Daily and Weekly Charts are BULLISH
On the weekly...
On Balance is trending up - BULLISH
Accum/Dist Trending Up - BULLISH
PPO Trending Up - BULLISH
Stochastic is starting to turn up - BULLISH
RSI is just under the center line getting ready to move above - BULLISH
MACD is turning up - BULLISH
GOLD today is now trading above $1,300 an ounce with our target between $1375 and $1500 an ounce moving forward. (3 to 12 months)
BARRICK should start to release positive news as they did today with the new CEO taking control of the company. (See news release today)
BUY at these low levels because we see BARRICK making new 52-WEEK highs soon!
WATCH FOR THE STOCK TO CLOSE ABOVE $13.00, IT SHOULD THEN MOVE HIGHER AND MAKE A NEW 52-WEEK HIGH
BullflagNice Bullflag on this gold mining company. Also being supported by the 50MA. Should go up to 14 or so when it breaks out
ABX daily bull flag setupKeeping an eye on ABX.TO tomorrow, we have a daily bullflag setup and currently consolidating on the 2hr chart in a Cup & Handle pattern. Bulls are looking to confirm the bull flag and want to do so one more than 1.4 million shares on the first hourly candle tomorrow - I want to see volume behind the breakout to confirm its real
April 19: 16-C's$GLD $ABX $GDX levels to watch for possible profit taking or exit as time can limit the typical trend following
ABX.TO on watch for hourly equilibrium, a potential swingI'll be watching ABX.TO tomorrow for a potential swing entry. My entry stop will be below the last hourly support and if I do take this trade, I will monitor any SPY consolidation to ensure my position is not in danger.
Key resistance 17.40
Inverse Head & shoulders pattern Wedge pattern and an inverse head and shoulders pattern- stock in looking like it may break up. Trend reversal ? Keep an eye on it. Potential 20% gain.
B Buypossible buy opportunity on B(Barnes Group Inc).
Triangle breakout above $61.90
Target around $71.95 or hold as long as price stays above the 13ema
B Buypossible long opportunity on B>Barnes Group Inc< , Weekly triangle for a long opportunity above $61.90 possible target at $72 or hold as long as price stays above the 13ema.
Barrick Gold (strong buy)Moment of truth. Next week we will se if Barrick Gold has found its bottom. Strong buy is my recommendation.
good luck to all an especially myself :-)
ABX Bull ChannelLook for strong resistance at the $25.40 area, with retesting the bottom of the channel.
This has broken out of the bearish trend from August of 2016, with RSI trending up (clear bull divergence here).
