Broken out of 1.5 years long channel. Will the backtest succeed?

2 thg 11, 2024

Broke out exactly after 19 months. Coming back down to backtest the channel. Will it bounce at 50 DMA? It depends on what gold does. If Peter Schiff is right AND if their gold mines are worth their "salt", then we could see 21 cents.

13 thg 11, 2024

Giao dịch đang hoạt động

50 SMA is still holding it. Common future Golden Cross. Last cross was epic.

8 thg 1

Ghi chú

Correction: "Common" -> "Coming"

We went back in the channel but we are strongly breaking out of the channel again because of the detailed report from the company.

8 thg 1

Ghi chú

Also MACD is curling up and could turn positive/bullish.

13 thg 1

Ghi chú

Volume is increasing. MACD is bullish. Price could be similar to August 2024 where it surged 120% after it broke through the channel.