FNV trade ideas
FNV: Headed north-eastLet`s see if that critical support line (trend line) holds it all up...
Judging by today`s last minute action, buying interest demonstrably exists
FNV Retest(Gift from the trading gods?)$FNV pulled one on most of us today with the rip down on the news that sank the stock right back to retest low end of range with lower volume and potentially a higher low. Again this was a gift from the gods. Keep an eye out for it to run at some pt. Won't lag too much
FNV 1st week of 2018Playing Trading Simulator Game:
I was checking out this stock on New Years Day.
Stochastic Oscillator (14,3,1) looked positive.
5SMA - 20SMA looked positive.
Short term trend is positive.
Long term trend is positive.
On 2JAN18 bought 500 shares at $79.98.
Price started dropping, bought more to dilute my average buy price.
2JAN18 bought 500 shares at $79.11.
Price dropped on next day, bought more to dilute my average buy price.
3JAN18 bought 1000 shares at $78.10.
I now own 2000 shares with an average price of $78.82.
Stochastic Oscillator has just crossed into a buy signal.
I am holding.
FNV: Long - one of the few gold winnersLike many, I don't believe good times last forever. I like having a portion of my portfolio in gold/mining indexes as a safety net but I've been very disappointed by returns. FNV tremendously outperforms both GLD and GDX - I can't really imagine how well this company will perform when GLD/GDX start seriously uptrending. The 1.08% dividend while I wait is just icing on the cake. I am long FNV and will continue adding dips until well into the next recession...whenever that may be.
FNV beat the street and took off on Monday. Fast Ball XRV TuesFranco Nevada reported 30c vs 25c concensus on Monday sending the stock on an Fast Ball XRV move to the upside. A continuation on Tuesday will have us long the stock with an overhead target at resistance.
FNV - DailyI haven't looked at Franco Nevada in a long while, maybe since March. White count was generated back then. The target box for 3 of (1) is unchanged; price met that objective. In this pattern wave 4 should have held above 61.47 top of 1 (see red line), but since it didn't I'll need to revise my count.
Blue Alt:
Might be looking at another (1)-(2), 1-2 here (blue count added today). Price held within the usual 38.2-61.8% retrace (log-scale).
Red Alt:
Also possible this move up was an A-B-C instead of 1-2-3 as shown (red count added today). In this bearish alternative, could see a corrective bounce before a powerful move down. Clearing the red box impulsively would add confidence this isn't the case.
FNV - 4hrFranco Nevada reached the target box for wave (iii) of 3. Still looks like it needs OMH to complete the micro pattern. I'd like to see MACD make a new high as well, then negative divergence form on MACD into the wave 3 price high. My stop is indicated at 67.83. See other miner ideas for more discussion.
Franco Nevada Corp.Waiting for a pullback to demand zone highlighted in yellow
Entry: $73.2
Stop Loss: $70.44
Target1: $76.00
Target 2: $80
FNV - minerPrimary Elliott Wave pattern analysis with Fibonacci extension targets. Stops on FNV should be no lower than 56.70.
I thought Goldminer not doing well, but...Gold/Silver miner whether Junior or Not, the stock are being punched viciously all over.
However, i realized that these two stocks are indeed making a higher high since Jun 2013.
Is there any secret?
P.S. the latest high was taken out, is there a bear?
Dow theory vs Bear flagi am getting a mix of information here.
Dow theory said that in an uptrend we see successive higher high and higher low. Yes
In a downtrend, i see a bear flag 99% completed.
So how?
