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Technical Analysis, page-64

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Shafted75

257 Posts.

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24/08/19

10:05

Post #: 40131553
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Originally posted by AgHead: ↑

I agree that we have a rising sp in the coming weeks. Reasons are
* My Elliot wave analysis says the next surge will be to a minimum of 12.5 cents (that is a conservative figure based on no news).
* Indicators show a push higher as you suggest.
* Gold has another push higher to around $US1,561 before a breather, but I think it could slide lower to around $US1,483 before this next surge higher to $US1,561.

Here is a 6 hourly chart with the Elliot wave analysis for the 12.5 cents target. Things to note
* The grouping of the fib ratios around 12.5 cents.
* The stochastic chart at the bottom (black and red lines) shows a widening meaning likely sp rises.
* The RSI has turned up from the 50% mark which is where it turned up last time (early Aug)

However, if there is any good news coming out, that changes everything.

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Only a matter of time Troy shoots up like a rocket, I feel a good announcement coming on people I feel it in my bones and my oldish bones are very rarely wrong and crazy silly Donald will help

TRY Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

1 Great analysis

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