


Consolidating for the past 3 months, it should break up over the next few weeks. Enter only if it closes above 0.1267, with stops at 0.1068. A bullish bitcoin should give a little push to this penny stock, given the risk aversion in the emerging market right now.
From a purely technical perspective I think we're incredibility close to a short term bottom now, even with a lower low in the weekly it is still printing a bullish divergence in the RSI here. Currently, geopolitical factors plus the record short relative to longs position are a huge tail risk as seen today from the US EIA oil inventories (-3568K vs +1300K...
Flagging right now, could break out any time. 0.7 is also a possible target, but could be rather risky.
Dear all, Major markets against the USD are at a turning point right now. I believe that the dollar have topped, at least in the short term in anticipation of a rate hike. Anyone who are long on the dollar have already bought them. The next FOMC on 14/15th December will most likely accelerate the downtrend, it is impossible for Janet Yellen to raise even 0.25%...
Bottom is in here. Bollinger Bands are tight as f***, after it fell back to $1. Target $2.73 and $4.14, with a minimal 24% risk vs 124% reward. attempting, just be patient on this one . It should happen by next 2 weeks.
Waiting for entry on trigger. Preferred to be closing below 68.73 on the daily or below 69.78 after 7th December 2015. Needs permission from S&P. < 2069. Same double top pattern seen too, will probably move only after NPF or FOMC.
just happen to see something that looks rather familiar from the monthly perspective of Gold. What do you think?
Price action looks weak in here, and it is on the verge of a breakdown from the consolidation. Perfect entry for a low risk and high reward. Take profit targets: 249 (double bottom) and 250. :doom: :devastation!:
Short squeeze boom is done, entire market is in red except for the 4 king ' FANG ' stock. 'Facebook', 'Amazon', 'Netflix', 'Google'. Low risk entry into shorting the S&P here, down into the lows of August/October. Regardless of what Yellen says on December, it does not matter. The FED do not have control of the market, people are just focusing on the past. No one...
Start adding here. Excellent risk reward at the bottom of the channel and near oversold levels. 2.41% loss at previous lows vs potential 8%/27% gains. ------------------------------------------- For leveraged play on the bounce: Platinum Group Metals LTD
The famous hedge fund hotel are on fire! Looking to pick up this one near the psychological level of $2, and a wide stop at the lows of July 2012 to play on the bounce back to $6.5. Fundamentally there is a big risk of bankruptcy given the credit risk, 600 million cash remaining and debt interest at 15.4%. I will not be holding on for long, do keep your position...
Bitcoin is innovative, it is ground breaking, it is disruptive. That's not enough, its never the invention but mass adoption of the technology that drives a cycle. For the next rally to be truly sustainable Bitcoin needs a critical adoption and a new killer app. Silk road is one of the first true killer app of Bitcoin, including Purse.io that provides people an...
Clear trend seen in the crash of Malaysia's ringgit, and can be described by the famous "anatomy of a bubble". It is driven by psychology more than the low oil price, or the corruption of Malaysia's Prime Minister Najib. Ringgit instead strengthened in the early days of the oil crash and it took almost 1/2 a year before the common folks start realizing and...
Expecting a massive crash in Gold's price right now as I speak when it breaks down from the year long descending channel. There'll be panic as it'll be all over retail as CNBC starts painting the end of world. That presents one of the best opportunity to buy as it will be heavily shorted and sold by retail. (see the chart)
Solar stocks such as SUNE, SCTY have been hammered real hard for the past 3 weeks. Tesla is not a unicorn immune to the global deflationary forces. Like many, Tesla relies on cheap debt to finance its research and development. This isn't sustainable when Janet Yellen is no longer supporting the market with Quantitative easing (QE). It is also on the verge of...
Biotech bubble has burst. Every rallies are to be sold, and despite the euphoria/new highs in S&P and Nasdaq have barely registered a decent retracement in the biotech sector.. Here's a larger picture of how far biotechs have went since 2008: The uptrend in S&P is limited, and it will only be a matter of time before it collapses off this rising wedge....
Conservatively in my opinion Gold should be as high as US$3000 / ounce right now, it could even overshoot to as high as U.S$10,000 an ounce given mass speculation and bubble. Look beyond the current artificial or secular bear market of gold you call it, and lay down the price of Gold relative to the M1 money supply of the United States. Since the start of the...
I believe that oil have bottomed in the short term time-frame as evidenced from the triple lower lows made since January 2015. $45, $42 and $37. RSI divergence is seen for every lows made, with higher highs. WTI should start moving up from here, back to as high as $62 and beyond. $70 is well within the reach in this corrective wave, a 50% retracement from $107...