HUI is oversold, sentiment has been pushed down and here we have a little daily chart hammer candle (potential reversal candle if it holds up). This index can bounce at any time, and if it were to bounce and if said bounce is fairly strong the upside may be limited to the down-turned SMA 200. So if a bounce comes about it would be counter … Continue reading NFTRH+; Hammer… and sentiment
Man stares at PLL chart… Lithium prospect Piedmont Lithium (PLL) sports… …a similar bullish pattern to the broad Semi sector (and several of its components). Both recently used the SMA 50 as support for the latest upturn. This is a post making no conclusion other than man stares at chart of PLL (wishing he owned it) and realizing he’s seen this elsewhere. For “best of … Continue reading PLL thinks it’s a Semiconductor stock
Well, here it is. EUR/USD is pretty gross A drop below the SMA 200 and lateral support, now turning to resistance as a bear flag curls down from it. Not good until/unless it claws back above the SMA 200. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates … Continue reading EUR/USD… want to see something gross?