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speculator101

12,141 Posts.

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11/05/20

23:45

Post #: 44562164
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Originally posted by Pointyfigures: ↑

OK.
Here is WAF.
Had a target of 78.1c based on the initial breakout move(blue box).
Up 14 vertical and usually any stock that goes above 12 vertical will have a consolidation phase though it can go higher.
You can see the various consolidation phases this stock has gone through.

Here is an even more extended stock.
BNR has been on a good run but it will end, probably sooner rather than later. This is one of the most extended runs I have seen.

Here is DEG for comparison. Had a target price of 35.8c. Recently hit.
Would like to see a buy on this one. Generates one at 31c.

And here is what happens to a stock that gets a bit carried away. SBM.
Sideways or consolidating for THREE AND A HALF YEARS.
You can see the uptrend in the lower right corner.

And finally here is a stock I bought recently at 39c though I should have got at 37c (1 day late, chased them).
KZR was set up for a trend bounce. Could have got at the buy signal (29c) but they were technically in a down trend.
Happy to wait on the pull back and picked up on the 4th May. Have a target of 95c. Currently at 47c.
There are opportunities with many stocks trading on their merits but opportunities are fairly rare.
50% of all gold stocks are in an uptrend and they can all absorb a pull back without chart damage.
Many stocks lost momentum after breaking out. Just like KZR did.
They will not get to 95 until gold breaks out of its current consolidation.
To do that, a pull back then move higher will see stocks like KZR hit targets.
There are plenty of stocks about to break out but have hit resistance. No momentum left.
Need a run up. A 15% pull back will provide just that. KZR may pull back to 41c for another buy opportunity.
Gold itself is a little exhausted and is struggling to move and maintain higher prices.

Most importantly, gold and stocks move cyclically in both bull and bear markets.
That is why I put the indicator up here.
Normal market behaviour. No big deal.

Expand

Good evening Pointy,

I hope your recovered well from your sons birthday.
Thank you very much for the examples.
I have saved all the charts, and analysis for a future date, plus to hopefully start being able superimpose them on other stocks.

Well done on KZR and ALK btw. Your entries so far have proven profitable already.

You have given me a lot to ponder.

The U.S markets are looking a little shaky, so it should be interesting to see what the price of gold does, with the USD rising, and I guess, a 'risk off' sentiment starting to appear..
3 Upvote

0 Great analysis

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