Gold used up its cause built in the 1200s range and hit the price projection. It is now building cause between 1280 and 1350. Since it has strength in the background, must assume this new range is re-accumulation and the uptrend will continue once the Composite Man is done re-accumulating. $10-box by 3-box-reversal Point and Figure:
bump for the upcoming weekend. btw, worth noting in here that this upcoming week is a shortened trading week with friday markets closed in the states for good friday.
YELP at downtrend line GRPN is in a similar place. Already rejected at 200 ma. Soon will see resolution of 50 ma test. Watching if FTNT breaks out. I've got the cybersecurity stocks in a period of consolidation though. CYBR is the best, but I've got it at the top of this channel for now. PANW has just gone sideways for almost 2 months since its last ER. Growth stocks lately underperforming the value stocks. I mean DIS gapped up 10% on Friday.
Platinum appears to be leading the PMs. Unless this recent move is an Upthrust After Distribution (UTAD) a.k.a. a false breakout, it appears to have built enough cause for an eventual move to $1200 based on a $10 box and 3-box reversal.
Got a position in STNG..had a nice accumulation in the channel then a break on high volume. Looking at a run to upper 30s
Very nice chart @AdamJoseph ! Thanks for posting. Daily Vertical: $1-box by 3-box-reversal Horizontal:
bump for the 3-day weekend. also, i made a slight name change on the thread title here. this one seemed to get the most views when i did it on the r/stockmarket subreddit.
Are gold stocks going into a bull market ? "Maintaining Our Buy Rating" https://guyanagoldstrike.com/images/Comprehensive_Guyana-Goldstrike-GYA-CR-Update.pdf
YUMC is reporting Monday afternoon. Just took a look at it, and the chart looks good. 50 ma has not been violated all quarter.
JAZZ has been weak since June, almost a year ago. Weekly chart: More generally, IBB/XBI one of the few weak sectors in the market.
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