Happy to share my views for you. Here is a pretty good summary of how we are going:
Mass index: Essentially meaning according to this study, it could be a signal of a "trend reversal', as the area under the curve goes from orange to blue in the above chart.
Direction Movement Index: Another indicator of trend, the blue indicates an upward trend starting back around 30th November (this was a buy signal).
Accumulation Swing Index: it is about to go above the line and solidify an upwards trend, (this is the weekly).
Simple resistance levels: We might yet have another multi-month break out, which would be a good thing for all the day traders to hear on the day trading forum.
The MACD crossed around the ~30th November, almost went back down, but the forming uptrend was too strong, and it is now signalling upwards momentum.
Linear regression buy signal.
The Keltner Channel works with moving averages, and unlike the bollinger band shows less volatility potential and provides signals based on the touches to the upper, mid, and lower bands. This shows at least 2 signals to buy, no signals to sell.
Ichimoku Cloud: It looks complicated, but really isn't, essentially, the thinner the cloud, the more likely penetration of the cloud is possible, it was thin when the cloud was first intercepted on the 13/12/22. Now it is getting thicker and thicker, telling me the chart is setting in a solid base (the thicker the cloud the hard it will be to get through, so a thick cloud can be a tough resistance, but also a tough support).
Some arbitrary Fibonacci Gan levels.
Some algorithmic Fibonacci retracement levels (automatically generated).
Donchian Channels: Gave a few good buy signals when the candle touches the upper band for the first time.
Chaos Fractals: Giving us some support levels (similar to the Ichimoku cloud levels), more strength for the argument for hard support at those levels.
Chande Kroll Stop: another example of where to put stop losses.
Exponential moving averages: The guy who has traded 30+years in the new york stock exchange building says he uses the 9, 15, 30, 65, and 200. As you can see the 9 and 15 are penetrading the 200, meaning the last "9" trading days and the last "15" trading days, when weighted by the exponential formula above, show that they are moving faster than the 200ema. In other words, for whatever reason, the long 200ema downtrend may be reversing according to the 9, 15ema's etc...
Moreover, the ema's were a way to react to the price action faster than the people that used the simple moving averages, (since the recent prices are more exponentially weighted), then there is also the double exponential moving average, and the triple exponential moving average... The moving average field reminds me of the antibiotics topic in medicine, where bacteria constantly evolve to become resistant and the previous anti-biotics don't work, similarly the people who use the double and triple exponential moving average are more likely to react faster to price movements.
I have honestly never used Pivot points, but I thought it was interesting that Peter Tuchman does.
The Weekly RSI is showing a cross over at around the 19th of December, this was another indicator to buy for me.
Bollinger band examples, in the past 2 upward trending upper/lower bands succeeded, and one failed (possibly because of a buy the rumour sell the news pattern [fundamental influence/ noise]).
The setup for the golden cross, as I described here and elsewhere, I believe this golden cross is innevitable:
(65561885) possibly in the predicted 29-48 trading days as written here: (
65285309).
Break out of the 200sma long term trend line.
You can also look at other simple charting examples here: (most of which have already broken out, e.g multi-month break out etc):
65523785 This post is very valid, it summarises all the recent charting:
Just as I summarised the fundamentals, so too we can summarise the recent technical charts, and predictions. With the:- bollinger band break out,
- the long term trend break out,
- the multi-month break out,
- the fibonacci level break out,
there is a lot to like here, and as we know, previous resistance can become support... Good luck, I expect this to go higher when you merge your understanding of the technicals with the fundamentals e.g a flow test of 6.4billion barrels of oil in place will likely take place in less than 60 days (probably in February in my opinion, as the well pad expansion can already be viewed via satellite images, and will therefore be done soon).https://hotcopper.com.au/threads/may-chart.6586613/page-5340?post_id=65523785Conclusion: as I previously summarised here: (
65541338) there was never any technical reason for me to sell, it was all very bullish in my opinion. There are quite a few indicators pointing to the up trend either having already started or about to start.
Moreover, I think the real reason for the increase, not because of technical analysis and people buying because of that analysis, I think the reason for the increase is that people are and have been aware of the significant fundamental value of the company which could drastically change as soon as they reduce the risk of being an "explorer" and turning into a "producer" as
1) they will most likely get a premium for changing their status as an explorer into being a producer,
2) they may be able to have cash sales (the director said if the flow tests are successful they can start immediate production).
3) institutional investors and investment reports may calculate the net present value of the company NPV10, which is the gold standard for valuing a company, and this will set a price at which I can value the company with great confidence (likely much higher than where it is now).
4) Other obvious fundamentals as seen here:
65496638I think it is a mistake to not at least touch on the fundamentals, especially if they are the obvious reasons for driving the share price, for example I did not buy in on technicals alone, I saw the undervalued company and after a long hiatus (trading elsewhere), I came back to buy at a great price.
(20min delay)