Previous few months.In your vast experience then---when would be a time to take a long trade to take advantage of this "Divergence"
Was sitting back having a few to many bourbons, glanced, printed and shared it with the forum. It simply supports my view.Why are you using a Money Flow Oscillator to trade off of divergence?
Nah, cant be bothered doing research, been off the liquor for a few weeks now, felt better get my butt into action as the new long term uptrend is upon us and I wanted to be the first to inform the masses:bananasmiCan you explain the benefits from say a stochastic or perhaps an RSI or Williams %R?
Previous few months.
Was sitting back having a few to many bourbons, glanced, printed and shared it with the forum. It simply supports my view.
Nah, cant be bothered doing research, been off the liquor for a few weeks now, felt better get my butt into action as the new long term uptrend is upon us and I wanted to be the first to inform the masses:bananasmi
Been having a glance at chart back to 2000. Noted 90 degree angles so had a play and came up with this
View attachment 56646
Decided to have a closer look, also played with the Williams%R (shows my chart from late 2012 projecting mid year low in 2013 was not bad)
View attachment 56647
Did a quick Google search and found my efforts are not new, Gann states thou that 90 Degree angles are strongest.
Decided to have a glance at Descending Wedges using quarterly candles with OBV
View attachment 56648
Note the last candle in all 4 wedges are red, thereafter is green
On the cusp of a new long term uptrend fellas:guitar:
It is a long road to full capacity production & a recovery of uranium prices appears not to be occurring, which will affect the margins, even on long-term contract price.Been a very long haul to this point but good to see it finally coming to fruition. Not over yet with a few hurdles in the way, but as you point out is a positive to take away. Clear the hearing, finance and a rise in the U price should (and I say SHOULD) clear the way for a sizeable sp increase next year.
In this market though who really knows, stocks with b'all but a few positive rock chip samples or drill results bought up (for a short while anyway), and others now producing getting sold down.
It will be interesting to see the markets reaction, if any, to the positives with PEN later this year and early next.
Personally my own research has shown patterns of this length to be un reliable.
Hi Jewels, thank you for your contributionPEN is ticking all the boxes, but the reality of a Uranium Spot price rapidly declining towards PENS cost of production means I'll be slipping these into the bottom drawer. Unless Gus can put together a long term off take agreement at a substantial premium to the current Uranium spot price, say in excess of $50.00?pound, I cant see anyone prepared to take this into production. Then if the spot price rises in the future, Gus will be shouted down by the market.
Forecast Uranium shortfall unlikely to eventuate until Germany and Japan start to turn back on reactors that were shut down post Fukishima.
Good luck to all long term holders
I have felt my contributions clear any doubt the masses may have felt in regards to the short term movements of U308 in relation to the new long term uptrend PEN is in.
NahAre you saying that PEN will rise as U falls Karlos?
I am at a loss to which charts you are referring dengo.All three PEN Pump'n'Dumps on your recent charts were on the back of a rising U price.
Bad news attracts the attention of the masses dengo.Spot U will hit $10 support during this glut...
I am at a loss to which charts you are referring dengo.
Long term, short term, both are falling!Nah, I stated "short term movements of U308
I do recall on 19th October last year you predicted PEN would go to 1.5 cents, I then stated it would go up. PEN increased in price, I was right again, therefore, is your comment attempting to sling mud in retaliation due to myself outsmarting yourself dengo?
I now see you were referring to long term uptrends being pump and dumps. Well they do say a picture speaks a thousand words. As this is how you view the charts dengo, then so be it.This one Karlos.
I've taken the liberty of lining up your three PEN Pumps with my rising U, hope you don't mind.
I also adjusted the U chart to bring it up to date, ie $30.15
Long term, short term, both are falling!
CheersAll kudos to you Karlos
No luck about it.:guitar:good luck next time
dengo;820579: 4th-April-2014 09:26 PM said:Short term uptrend broken today
Failure @ 3.1c double top support = 3.1 - (3.8 - 3.1) = 2.4c target
View attachment 57467
I appreciate your efforts dengo.3.1c decisively broken today, along with the MACD center line bear cross
Double top measured move target = 2.4c
View attachment 57858
I appreciate your efforts dengo.
View attachment 57870
PEN will form a higher low, the share price at which this will be is the dilemma.
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