Looks like major resistance and reversal after Friday Close. (For personal review and growth)
lookin' at more likely breakout than down. (for personal review and growth)
Little early yet, but MJ index may be trying to trend up again. Still believe further consolidation may be needed, but this may be the best looking sector at moment w/ most other markets looking at consolidation. (For future growth and review purposes mainly here.)
RSI, STOCH, channel and XAUUSD prices in line for short term swing here
If I knew the answer I wouldn't be posting this for future guidance and personal growth....
Bull exhaustion or just getting started... Previous tops see Gap Up on open followed by bull exhaustion. For personal review
JNUG brealout 01/25/19, XAUUSD still under 1300 though upside limited
Earnings next week targeting a higher low on 4 hour window or test of support.
- Been swinging Call Options on AKS since week end 11616; Purchased 4 Calls (Strike Price 10.50) on the Market Open Monday AM w/ a Limit Order price of .29. - Averaged down w/ purchase of 6 more Contracts the following day w/ Lower Low (Consolidation) being set in @ limit price of .15. Held position - FED Hike in hopes of a Market/Metals Rally to no avail. - ...
Purchased just before massive Call Sweep Volume @ .45 Near the Money Calls; Broke 52 HOY on 121416, showed strength through-after FED Hike and conditions still in a less risky range (RSI, MACD, Lack of GAPUPS). Looking to Hold for possibly week-2 while catching hopefully 2-3x more new HOY. Exit Goal; Same as all Call Options @ 400% or expiry of Wednesday - Week...