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Jackozy

Jackozy

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4779
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Sirius Minerals is still trading in No-Man's-Land and it's hard to know whether this is a bear flag or a choppy start to a new move up.One possible signal is that in the last few days the price made a higher low whereas RSI made a lower low. This is called a momentum discrepancy reversal point (MDRP) and in this case could signal a move up.Stiff resistance remains at the 28.75p to 30p area but if that breaks then price could move up quite rapidly as there's little resistance above there apart from the 36.75p all time high.Supports are at 22.5p, Original link...
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2920
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Here's a very simple chart showing POG's failure to reach the targeted resistances due to the bear flag mentioned by Gary in the previous comments.If this channel breaks down then there's likely to be new lows to follow but 116p remains a support whilst resistances are at 147p, 154p and 164p. Original link...
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4017
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San Leon formed an inside bar yesterday as shown in the highlighted circle. The usual way to trade these is in the direction that it moves out from the inside bar (with stops outside the limits of the covering bar).There appears to have been a nice 3 wave correction down to the 5.8p support and that area is now key - it needs to stay above there to avoid lower prices.On the upside, the level to watch is 6.75p - a close above that should signal a confirmation that the correction is over and higher prices should follow. Original link...
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2336
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There's no real sign of direction yet here but given the form of the previous move down from 127p it looks to me like this is forming a bear flag indicating further downside.The recent rally halted at the 61.8% Fib of the last drop and the downtrend from the 250p high has not been broken despite the recent bullishness. I can see this moving sideways within the bear flag until it hits the downtrend resistance. We'll then see which direction the SP will likely move in.  Original link...
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4909
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The Wave 2 Option This is the more bullish of the two main options for GKP's wave position.What we have here is the possibility there there have been an initial 5 small waves up to form a larger degree wave 1 at 166p. If this is the case then what we'd expect to see is a retrace down to somewhere like the 50-61.8% Fib level in the form of 3 waves (please note that this "target" area is just the most common for a wave 2 - it could even go as low as 126.3p and still be a wave 2, but they do usually retrace at least 50%).Arguments in favour of this pattern are:1) There appear to be 5 clear waves up from 126.3p to 166p (the bearish option we'll see later would have this as a 3 wave move, not 5);2) The 161p level was breached. A wave 4...
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