flyinkiwi10

flyinkiwi10 Updated 

Not a lot to analyse here, Am just watching the 1.03401 level as this swing low was set in January 2017. Should this level fail to act as strong support, I would be looking next to the 0.83-82 level possibly. However, there is some multi-decade support level at the 1.01 level not far below. Interesting to watch what happens

flyinkiwi10

Thanks for viewing, This is my tentative view on the AUDUSD pairing over the rest of the year. FOREX loves to stay within a channel, this pairing is no exception. In my view the market weakness is about to steepen. What was trend-line support is now resistance. Look there are a lot of pretty colours, so I must be right. 1. There is some weakness shown by the...

flyinkiwi10 Updated 

Hello all, Quite the price channel over the past 2 weeks. So many touches... not a speculative channel at all. Small descending triangle forming. They tend to be bearish but can go either way. Personally I would see less resistance to the price declining than rising. But either way, an upside breakout; target 1730 and a downside breakout target 1687 Downside...

flyinkiwi10

Hello, Thanks for viewing. Let me start by saying that I am a big fan of Barrick but have been looking for an entry point for some time and now am sharing my view with everyone. Purely technical analysis based on a Elliot Wave. But simple, there was a big dip, partial retracement, and I expect this present dip to be about the same size in $ terms not...

flyinkiwi10 Updated 

Thanks for viewing. No, not as a treatment - please don't inject uranium as a treatment (if Uranium came in a bottle it would need a warning for Americans). Competition? What I mean is that Uranium has been on a run starting from when the equity markets showed weakness - and has yet to show signs of slowing. I'm not sure what the relationship is yet, as crude,...

flyinkiwi10 Updated 

Thanks for viewing, Yeah yeah yeah, I'm really inviting some comments of FUD etc. Yes, the parallels between US tech in the stockmarket and the crypto market in late 2018 exist. Look I like Elon, and what he is doing. You can't question his results. I also like TESLA, but not at this price. There is no reasonable explanation for why TESLA should be so highly...

flyinkiwi10 Updated 

Thanks for viewing. I was attracted to Intel after seeing its low PE ratio, very good dividend coverage ratio (it only pays out 27% of its free cash flow in dividends so its profit could halve without having any effect on dividends), high profit margins. I haven't delved too deep, all I did was a wee EW 'buy-zone' based on a 1:1 wave (C) extension. Wave (C)...

flyinkiwi10

This won't be a long one. - ETH has almost (within $12- reached a 1:1 extension of the fist major corrective move). - Just like in 2018/19 it has corrected more deeply than BTC. - Last time "big daddy BTC" recovered first and went on a run while ETH continued dipping. - This time maybe the same maybe different. - At least a plausible (just like in BTC) 5...

flyinkiwi10 Updated 

Thanks for viewing. So I may not be right of course, but this is a short-term swing strategy that could become medium-term. So if it drops lower I will choose likely prices to add to my position. The 3 wave correction (ABC) met a typical extension (sometimes it doesn't correct as much... sometimes more) of 1.618 of wave A which will mean something to a lot of...

flyinkiwi10 Updated 

Thanks for viewing. I'm not a trader in SSE, or an investor. General bullishness since December 2018 has recently been met with some strong resistance and selling pressure. Apart from finding myself here after reading the news today, where the commentator predicted more "risk" in the market, I don' really track this index. I'm not a follower of the fundamentals...

flyinkiwi10 Updated 

Thanks for viewing, Big fan of silver as a way to gain leverage over an increasing gold price. So where to we sit currently? - After a huge (~+150%) run-up From March to mid 2020 (depending on the chart source - some charts (like this one put the local high at Feb '21) silver entered a period of mostly sideways consolidation. - The goldsilver ratio has swung...

flyinkiwi10 Updated 

Well, it has already popped. Evergrande is down 90%+ and Country Garden is almost down 60% from 2018 highs and testing 7.36 support. A simple 1:1 extension of the 2018 drop would mean sub-14HKD prices are not too far away... watch for a break of local support at 19.20 for another 30% drop.

flyinkiwi10 Updated 

Thanks for viewing, Why would anyone be bearish on a stock that has gone up over 200% in the past 18 months? I'm just watching the chart. If you look at the chart you see some concerning trends, mainly; - Volume dropping off since March 2020 as the price increases meant the stock was less and less of a bargain. - Some rather strong RSI bearish divergence -...

flyinkiwi10 Updated 

Thanks for viewing, I am assuming the arrow shows a higher low in price action, I will have to see if this bears out. But, for a minute lets take the rally from 1687 to 1919 as being the first push in a larger secular bull market. There are a lot of reasons to suspect that this is possible including: - Massive Federal and other Central Bank money printing and...

flyinkiwi10 Updated 

Thanks for viewing. Just a super short term trade shared. Local red box was area that a short was entered based on EW. Plus RSI over 70 and MACD showing signs of weakness. Traders tend to still be in a "sell the rallies" frame of mind. Little volume spike recently, but as the traders come on line today, they will likely sell off and/ or enter short. No point...

flyinkiwi10 Updated 

Thanks for viewing, I am not sure how widespread interest in Nickel is, my interest in Nickel is; - It is a valuable metal that is in demand as the world turns towards electrification (Nickel currently has a low proportion of its demand ~3% from batteries and ~70% from steel-making but EVS. Vehicle manufacturers are turning towards much higher proportion of...

flyinkiwi10 Updated 

Hi, thanks for viewing. I am targeting these levels as an entry point for BTC; between 28,570 and 27, 737. It may not get there... or overshoot of course. So, I will buy some at these levels and watch for signs of support if it reaches that zone... if I can get a higher low with good volume I will buy the rest when I see this. Where to after that? I don't...

flyinkiwi10 Updated 

Thanks for viewing, I get a lot of satisfaction from identifying assets and asset classes that are under-valued. That means looking at some rather hopeless looking charts and looking for potential. Identifying under-valued assets e.g. commodities in chronic supply deficit is also a great way to both diversify a portfolio with uncorrelated (or negatively...