UnknownUnicorn139115

UnknownUnicorn139115

Weekly candle chart.... Fundamentally, this company is paying a 7-8% dividend which sees regular increases. Also, it has a fair P/E (possibly low depending on your opinion). The thick blue-green line shows the obvious and long standing support/resistance line (in this case support). The price quickly found support and recovered every time it fell below the 50%...

UnknownUnicorn139115

Monthly candle chart... Although there were a number of indicators that led me to arrive at the conclusion that gold has bottomed, I chose to keep the chart simple for the sake of clarity. Gold performed a perfect fibonacci retrace (golden ratio 61.8%). The support at precisely the 61.8% retrace was particularly eye-opening. That led me to chart the history of...

UnknownUnicorn139115

Weekly candle chart... Primarily, what we are looking at here is the large falling wedge pattern that has taken shape to precision. A falling wedge is widely considered long term bullish. Further information can be found here: stockcharts.com In order for this chart to remain bullish, two things must happen: 1) The support line must not break (specifically at...

UnknownUnicorn139115

Weekly candle chart.... Halliburton obviously has a large exposure to crude oil prices (see my publication "Crude Oil Bottom"), so a bottom in crude should correspond to a bottom in HAL. The almost 7 year support line has held to date and provides an added element of safety. HAL underwent a perfect fibonacci retracement. In this case the retracement was the...

UnknownUnicorn139115

Using weekly candle chart....Chaikin Oscillator indicates the bottom is in or very near (is not precise on timing, especially using weekly/monthly) (It is always wise to look at the daily, weekly, and monthly). The long time support line as shown tells me it is safe to enter. The flipping of the weekly parabolic SAR indicator (not shown) will mark the confirmation...