Short term daily posture of NYSE listed IShares Russell 2000 ETF with a failed breakout worth noting. A top without a doubt. So far, it is a flat top (congestion, trading range) within a major uptrend.How (continuation or reversal) this congestion resolves itself will have implications going forward in larger…
Please visit VanEck AU website for PDS and all the rest in relation to this Gold Miners ETF. NCM.ASX is currently the fourth largest holding within this ETF which may also be worth noting. Follow through or lack of it as well as potential CLIMAX are the focus with this post, in reading the…
I have covered small caps earlier and here is an ETF representative of it. For PDS and other related data on VSO, one may visit Vanguard AU website if they wish. Technically, this chart analysis can not be any more simpler. It speaks for itself. Is there any requirement for any written analysis ?…
Oil, Coal, Solar,Wind and the rest including Electric Batteries for storage of the energy had their fair share of attention and decent moves. Could Uranium be next ? We all know that the Uranium sector as a whole is in a major downtrend and has been that way for quite a sometime.…
At the upcoming webinar, which I am working on at the moment , we will examine various instruments, one of which will be ASX listed Lithium stocks. Few seats are still remaining, if interested, please send me a reply to this post with your details in order to get updates. But…
Yesterday (09/11/2017) we saw some nice short covering in the Uranium Sector in our market. URA.NYSE monthly chart trend definition : Within a MAJOR DOWNTREND, FLAT INTERMEDIATE TERM TREND and a POTENTIAL BULLISH MONTHLY PIVOT POINT REVERSAL which is yet to be confirmed, off the support. Interesting to see, if completed…
Lets take another look at this NYSE listed LITHIUM ETF short term ( Daily) technicals. In the current session which about to end soon ( 10 minutes or so) we are seeing another rejection at the zone of resistance with bearish pivot on hand. It ( zone of $40) had proven…
Please note this is NYSE listed GDX ETF, not ASX. Focus is the intermediate term price action behaviour where the boundaries are marked with Red support and resistance lines. Still RANGEBOUND and may continue that way for a while. It looks as though it wants to have another crack at…
Without a doubt the Lithium has been a hot commodity and some of the ASX listed LITHIUM MINERS ( producers or speculative) has gone gangbusters. GXY was covered little while ago. Some of the ASX listed Lithium miners which may include GXY may be a holding within this ETF, which are…
An update on the GDX.NYSE Gold Miners hourly chart. What may be considered a potential SIGN of STRENGTH BAR (SOSB) is shown on the chart ( inside the Green box), to be confirmed as more data emerges. This bar re-affirms the short term support zone of $23 USD with GDX.NYSE. It gives us…