16-20% left in current uptrend imo. Will have to re-chart it then but should continue upwards from there as well in the long run. Will double position if it dips to trendline.
Added 2/3 position in calls already. Dip to 20.94 possible, will add third batch then for breakout
Buy April/June calls to trade. LEAPS or shares to hold.
Go long through shares or LEAPS
Triple top rejection led to sharp descending wedge. Hindenburg tanked it to a triple bottom, so that + bullish wedge should provide for a strong breakout. Recommend long position, swing shares, or calls - anything will make money at these levels.
Still a while left before the handle forms, but something to keep an eye on. Should be an explosive move when the pattern eventually completes.
Will play calls for a couple months out.
Adding long calls to SLV to complement my GLD position. Expecting decent moves throughout the year for both.
Historically strong, household name stock that will not go anywhere. Can be trusted to continue uptrend for long term, defined pattern in play suggests 165 at minimum (180 likely) by jan 2023. Low beta stock so it is ideal for LEAPS
In a larger huge triangle, hovering right above uptrend line that is unbroken since may '19. On the top of a reversal zone inside two possible bullish descending wedges. I think now is the time to take a stake in gold.
Longer term play for me, relying on the fibonacci retracement levels to eventually hit those price points. It is a little hard to see but there is a sharp descending triangle inside the giant wedge. Breaking out from the former and the latter at the same time could result in a massive run with enough volume - not unprecedented given the stock's past. MACD & RSI...
.382 fib fan line trend has not been broken in a yearish. Should continue moving along that channel now.
Strong reversal zone with obviously bullish RSI and MACD. Would recommend long share position w/ calls 1-3 months out for trading
In a tight descending wedge, in a reversal zone, MACD and RSI curling up. Should be a strong run up
I'm a buyer in the reversal zone in low 500s. Chance it bounces off of current levels as well but not willing to take a position (short or long) without further confirmation of direction. Breaking down below current zone would indicate going to the next one. Wouldn't bother going short; would buy puts then calls or shares at low 500s.