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2033
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Rather than try and catch the bottom on POG I'd planned to go long on a 123-low breakout but completely missed it due to being busy with other things. We can see the results, though, with a healthy number of pips to anyone who did take that trade.The thing to look out for now is that RSI. If it reverses off the trendline then it might be worth taking some profit. If it breaks through then it should indicate further rises but beware that tricky 123p level. Personally I think CNR or KAZ offer better risk reward than POG for those not already long here. Original link...
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3898
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I thought I'd start this analysis with a really long term view using the daily chart as it shows the power of RSI trendline very nicely. We can also see the big bearish divergence at the recent high.What's interesting here is that this RSI uptrend support was hit again only a couple of days ago. In the past this has been the trigger for some decent rises but you never know when these trendlines are going to fail so is there anything else to support the hypothesis of a rise? In this near(er) term view we can see that price is at uptrend support and the 61.8% Fib as well as having formed a double inside bar pattern so there should be a decent move one way or the other. You can just make out that long term RSI support at the bottom of the chart too.I would definitely have...
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2621
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Here we have today's closing daily chart showing quite a few trendlines, supports and resistances.The first thing to note is that it closed back inside the uptrend support from the 129.25p low so that support remains in tact for now at least.I've also slightly re-drawn the downtrend resistance from the 260p high to take account of the recent 184.75p high though I still believe that a close above 180/2p (which we haven't yet had) is more important.As can be seen, support was found today at the original breakout point of this move up which was 158p and the fact that price closed back inside the uptrend, having dropped a fair way out of it, it bullish IMHO.Generally there seems to be two main ways of viewing the whole post-126p sequence: the camp that views at as a big bearish wedge which appeared to be the source of the resistance at...
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1919
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Just a quick update tonight as there are quite a few other good looking shares out there at the moment, particularly amongst the gold miner sector.For the second day running the price closed bang on the downtrend form the 260p high thereby continuing the uncertainty about the immediate future direction of the price.I'll be looking for the 169p area to hold if there is a further retrace. If it doesn't (and particularly if 166p goes again) then it's likely that the bear case will take control. It did put on 33p in a week and nearly 50% since the 126p low so it's unsurprising that there's been some profit taking here. Original link...
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2480
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Caveat and disclaimer first: This post is purely specualtive, based on EWT (with a bit of adjustment for key levels) and none of the levels may actually generate the projected action shown. In addition there has been no attempt to accurately portray timescales for these possible moves. This is merely to illustrate what could happen if theory plays out. It's also subject to a close and hold above 180p and conditional on not going below 151.25p beforehand.Also, wave 2 should be at 138.5p but because this is a weekly chart that detail has been lost. The same applies to the 230p gap which remains on the daily chart.What I've done here is to plot the horizontal blue lines of price resistance. These are at 218p, 230p and 260p. There are also resistances at 189p and, of course, 180p. Then I've plotted the Fib extension for (circled) wave iii. This is...
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