Markets are on general path down. PCG is setting up nicely to continue its run up in the short term with minor resistance at $20 and strongly at $24.00.
Things are not totally in the clear for PCG as there is lots of headwinds fundamentally (bankruptcy, liable, costs to prevent infrastructure mishaps expected to increase...etc..). This is not the first time PCG...
Markets are on general path down. BVN is setting up nicely to buck that trend.
PRICE ACTION:
Long Term S/R Level at 16.37 is in the process of being broken. Notice the periods highlighted in yellow. Breaking 16.37 is not just a simple 52 week high or hourly, blah blah. This is nearly a 6 year ceiling that is being broken The last time this type move...
Earlier today I posted my first chart. This is a follow up on the AU trade. I like to locate trends and probable entry points using longer periods, such as the Monthly. The upward trend on AU is clear using the monthly chart. I wouldn't go as far to say that it is confirmed because AU did gap this morning. If you are like me, you trade by the idea that all gaps...
This is my first chart. Exciting times. I was looking for a vehicle to trade into 2019. Ran across a few set-ups in the making, AU being one of them, the rest will be posted over the next few days.
Here is the set up:
PRICE ACTION
Broke through a strong S/R Level ($12.37), set over multiple periods of time on the Monthly. On more than one occasion from...
