Fib time series was right on the money for the selloff in
March. It appears we've morphed from bear wedges, during the
past few week's bounces, into bull wedges, though there are a
variety of patterns out there a vastly divergent relative
strengths. NG fairly nice wedge, still looks like a range of
$3.40 to $3.91, upside bias. ANV engulfing bar with open gap at
$3.70 after slide along fan line into no ernins' report. Now
much higher prices ahead.
AKG had two nice support bounces on the duplicate red channel on
the pullback. Duplicate channels at the same angle (green
channels) would suggest upside tgts from 2.33 (slow grind) to 2.51
(sharper move into late June). 10 % upside short term in the
PM space. Shapes up pretty bullishly in my view.
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PM stocks morph to bull wedge; Fib time series flip today 5/2
Posted by cmunny on 2nd of May 2014 at 12:33 pm
Fib time series was right on the money for the selloff in March. It appears we've morphed from bear wedges, during the past few week's bounces, into bull wedges, though there are a variety of patterns out there a vastly divergent relative strengths. NG fairly nice wedge, still looks like a range of $3.40 to $3.91, upside bias. ANV engulfing bar with open gap at $3.70 after slide along fan line into no ernins' report. Now much higher prices ahead.
PM stock symm channel upside tgts
Posted by cmunny on 2nd of May 2014 at 01:27 pm
AKG had two nice support bounces on the duplicate red channel on the pullback. Duplicate channels at the same angle (green channels) would suggest upside tgts from 2.33 (slow grind) to 2.51 (sharper move into late June). 10 % upside short term in the PM space. Shapes up pretty bullishly in my view.