ASilk

ASilk

A2m has performed exceptionally, moving almost inverse to the XAO during its recent drops. However all good things must come to an end. A2m is encountering strong resistance at an established channel resistance, accompanied by falling volume and an imminent bearish cross on the 1d MACD. Note also relative performance of A2m to XAO is headed below 0 and seems...

ASilk

MQG seems to be struggling to break out of the bear momentum established over the whole market. The run from the low of $85 to the recent high of $102ish attempted to pierce the longer band of GMMAs, but has been rejected. This rejection occured just a little above the 0.382 fib retracement line. Note this is also the support found in December 2018 turning into...

ASilk

Note that the XAO close at 5822 is now touching a support established since the GFC. The 61.8% fib line is close at 5685, just 2.4% away.

ASilk

BKL had a poor performance in 2019 after a massive gap down from near a yearly high of $131. Is 2020 looking better? See that price is now finding support just on the top of the red GMMA longer term (investor) band, having fought to maintain that position since September. Note also the relative strength (compared here to XAO). The 100 period MA, 30 period MA...

ASilk

WETF substantially outperformed the NASDAQ index through 2019. A significant gap has opened between its GMMA longer and shorter bands. Check out the last trading day with some of the highest trading volume for at least a year shown by the surge in the OBV. A positive move will lead to RSI breaking out of oversold territory and crossing through the RSIMA(30)....

ASilk Updated 

PNV seems to have broken a 2 month bearish correction. Notice movingaverage of RSI beginning to make higher highs within cycles. RSI currently finding support near 50. Note also price finding support on the Keltner Channel midline.

ASilk Updated 

CWN showing a completed Demark buy set up on the 1D time frame. This buy signal is strengthened by this zone of just under $12 serving as resistance previously Potential quick trade from here (bottom of the short term GMMA band) to test the compressed longer term band and hit the drawn resistance level. If price can pierce and close above the long term GMMA band...

ASilk

GDX presenting a large Cup and Handle pattern on the daily time frame, as illustrated be the GMMA. Note that GDX has had a small volume divergence from this price action, with fairly flat OBV over the latter half of 2019. Note also the generally rising pattern RSI throughout the "handle" of late 2019 As can be seen from the GOLD price in comparison, GDX...

ASilk

NCM has completed a 9 count TD Sell set up on the daily chart without being able to make a new higher high. This set up culminated with a hammer candle with a long wick, adding weight to a bearish reversal of the short term trend (ie continuation of the medium term down trend). Note that the completed 9 count failed to pierce the top of the GMMA. While NCM has...

ASilk

ELD has significant GMMA band compression on both the long and short sets of bands. Note that the green shorter bands have been able to pierce the red bands are now retending upwards. The last two similar situations for ELD circled in white, with compression of long EMAs of the GMMA following green bands piercing, preceeded significant uptrends. To add a...

ASilk

Just a post for posterity to try out the awesome RSI Heatmap (and my RSI with RSIMA which is a more conventional much weaker visualisation of it. RSI breaking RSIMA on the Daily chart, shown on the Heatmap as a flash of red on the shortest time frame RSI. RSI breaking its average is bearish, as would dragging that average down to breach the neutral 50 level. In...

ASilk

PCK seems to have found a bottom at 0.17, which showed significant support previously. Note that OBV hasn't lost ground in the recent retracement. Significant buy volume sitting at 0.18 and above to form support. Price target would be a touch of the 2/1 line,then breaking the 2/1 and heading to the top of the gap down candle at 0.245

ASilk Updated 

SVM showing potential for a move up towards established strong resistance above $0.10 On this hourly chart, watch for RSI to bounce off of RSIMA(30) as the SMA(50) closes in on the SMA(200) within the highlighted red box (or later, who really knows?). On the daily chart, this will be seen as the SMA(50) rejecting a bearish golden cross. Market Depth: Appears...

ASilk Updated 

TNE has been in a well defined up trend since mid 2018, however a the confluence of a (fairly) symmetrical triangle formation with its apex on the 0.382 fib retracement line could signal a turning point. Note that a break down and failre of the trend line would result in a golden cross on the daily time frame, would send RSI plunging below its 30 period moving...

ASilk

BXB is hanging in there by a thread. Note that the lower high and lower low, as well as the completion of a Demark Sequential sell countdown prior to reaching the support level after breaching the previous buy support level. Breaching through the buy set up support would be a substantial lower low and could see a run much further down.

ASilk

PME's uptrend over the 9 months of the start of the year is illustrated by the repeated completion of 9 count Demark Sequential sell setups, without a single completion of a 9 count buy set up over that period. PME has recently completed its first 9 count buy set up, resulting in a run up of over 10% in the space of 3 days, which was well contained by the...

ASilk

SYD's long standing pitchfork (whole of 2019) is being tested as support again. Both SYD and AIA have outperformed the All Ordianries over this period. Finding support at the edge of the pitchfork could see a reversion towards the median line of the pitchforck with a price target ~$9.30. Breaking out of the pitchfork could find support at the level and zone...

ASilk

AD1 a chance to break through a long downtrend. The RSI is set to cross through its MA(30) on the 1Day chart, and has completed this cross over on the @hour. This occurs within a rising RSIMA(30) channel. High during 2019 of 0.02 Very high volume today, demand is present. Caution: Low volume stock