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- Last Update: 17 September 2021, 15:39
My system is based on that of Tom O%27Brien of TFNN.com using price and volume correlation to establish the stability of trends and Fibonacci ABC patterns in particular to establish target prices, or in some cases, high volume swing highs as upside targets.
A check on the major miners.
S. Africa miner, Rand-price dependent.
Just watching the general sector based on the metal price.
Low volume breakout wk of 4/20/21. Under eval for sell here at Target with lower buy-back planned. But the May high volume price increases are inspiring.
Small cap market check. Short this using TWM, a 2x short. See Chan%27s chart for buy/sell signals.
If transports lead the general market, this spring into summer suggest a general market correction is in the offing.
Looking for re-entry on a retracement of the May/June uptrend. And here it IS in early July, a drop to the 70.34 Swing high and breakout price with low volume compared to that 600k or so, would be ideal as a possible buy.
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