Technical Analysis from "Iced Earth" Point of View

[iced earth]

HVN - 5.11.10

As it was predicted on 21.10.10 (https://www.aussiestockforums.com/forums/showpost.php?p=587249&postcount=56) price fallen below fibo 50% and now we should wait for the next resistance level at fibo 61.8% (around $2.95) (Fig 2)


also the neckline (Tilted Head and Shoulder pattern) is break down , the target of this pattern could be around 1.8 $ ,which is the lowest price of HVN in FEB 2009. (Fig 1)

 

[iced earth]

AUD/USD - 15 NOV 2010:

As it s been mentioned on 29 sept 2010
https://www.aussiestockforums.com/forums/showpost.php?p=583169&postcount=52

the long term resistance line has been passed up, this is very important for this pair and we could be witnessed stronger AUD against USD in long term. now after AUD/USD became more than 1 , we can see that the pair reaches the important 1.618 Fibo (pic 2)

also negative divergence between MACD Histogram and Pair and touch the upper line (resistance) of the upward channel. we could expect correction until it touches uper line (support) of this channel. If this line wont be able to (I guess it will) hold it we might see AUD/USD near 0.91 again (pic 1)

 

[iced earth]

GOLD :26 Nov 2010:

After negative divergence between price and MACD HISTOGRAM , Gold started correction. now forming the bearish Head $ Shoulders is possible, if the neckline will be broken we might see gold around $1230

 

[tech/a]

Enjoy your analysis---someone's watching!

 

[Mr Z]

H&S needs the correct volume pattern to confirm its validity. I don't see it in GLD FWIW.

 

[iced earth]

HVN - 8.01.11

As it was predicted on 21.10.10 (https://www.aussiestockforums.com/for...9&postcount=56) price fallen below fibo 50% and unfortunately resistance level at fibo 61.8% (around $2.95) could not hold the falling . next resistance level will be fibo 78.6% around $ 2.44(which is not as Important as Fibo 50% nor 61.8 %)



in daily diagram we are still receiving the "stay out signal" after "Exit signal" around $ 3.7 (price under EMA 20 and momentum under zero line)



also the neckline (Tilted Head and Shoulder pattern) is break down , the target of this pattern could be around 1.8 $ ,which is the lowest price of HVN in FEB 2009 .

 

[iced earth]

CALTEX (CTX) -08.01.11 :

As it was posted on 22.10.10 when price was around $12. (https://www.aussiestockforums.com/forums/showthread.php?t=18974&page=3) the price passed up the resistance line (upper line of the symmetrical triangle and upper line of the downtrend channel. now the price testing $15(%25 above $12) . the targets of triangle and upper line of the downtrend channel are above $20



but is short term we might have divergence between price , RSI and Momentum and a correction. (the gray line and EMA 20 will be the resistance levels)

 

[iced earth]

CTX- 3 Feb 2011:

as it was predicted the divergence between price and RSI and CCI caused halt in price rising and we saw the correction. in short time view there is a possibility we have a Bullish Head and Shoulders. but we must wait for forming the right shoulder and then breaking the neck line with strong volume, then the target would be around 15.40



in longer term after successful break up the triangle and channel we now have important fibo 32.8 around 14.60 , the next resistance will be fibo 50 % around 17.15 . but the final target would be the previous highest price around $28.

 

[iced earth]

SUGAR -ICE Futures (US) 5Feb 2011:

In long term of view we have a uptrend channel and sugar is struggling with the resistance line of the channel. If sugar breaks this channel we might have amazing target around 80 (Cent/Pound)



in weekly view after we had buy signal (20 EMA, momentum, MACD -Signal) we haven't had a sell signal.



but in short time divergence between price and RSI didn't let sugar go further. also we have an Important support line(White). today sugar showed positive reaction to this line .



Cyclone Yasi and the 50% cut in Aussie sugar outlet should be considered as Australia is the third major sugar exporter. http://www.businessweek.com/news/20...gar-area-may-lose-50-of-output-potential.html

 

[iced earth]

CTX-10.02.11

As it was predicted above, CTX could form the Left Shoulder , if the neckline will passed up successfully the target of this Head and Shoulder pattern would be around $ 15.40

 

[iced earth]

BHP - 12.02.11:

BHP is moving in a upward channel. in 47.20 it touches the ceiling.



after breaking up of the red resistance line, price might move up to the middle line of the Andrews Pitch-Fork.

 

[iced earth]

CBA (COMMONWEALTH BANK OF AUSTRALIA) - 12.02.11:

The share filled the gap (from $ 24 to $ 60) but couldn't passed up that level. we could see the possibility of forming of a Cup and Handle pattern. the target of the pattern could be around $95.

but first the important resistance level of around $60 should be successfully passed up.

 

[iced earth]

CTX-17.02.11

As it was predicted above, CTX forms Head and Shoulders pattern, Today the neckline breaks up with increased volume. the target of this Head and Shoulder pattern would be around $ 15.50



in longer term view the downtrend channel is broken with target above $20



also there is a Andrew Pitch Fork and the price after passing of the middle line will have the upper line as s resistance line.

 

[iced earth]

Gold-17.02.11

Gold is still moving on Bullish trend which started from 22.10.2008 (price $682) . the blue uptrend support line and the internal red line didn't allow gold fall below $1308

 

[iced earth]

CTX - 21.02.11

as predicted in previous posts after forming the right shoulder, the neckline passed up and the price reached 15.33 . the target of the pattern was predicted around 15.50



but the price around 15.50 has middle line of Andrew Pitchfork as a serious resistance line. maybe it can not break this line at once. but when it will, we might see price increase to the upper line of the pitch fork.

 

[iced earth]

BHP - 03-03-11

Share is moving in a upward channel. the up line is its resistance and its lower is support line.



in a longer term view , it has passed up the blue resistance line but couldn't pass up the red resistance line. now the blue one could play as a support line.

 

[iced earth]

Copper - 08.03.11

copper has fallen these two recent trading days. now copper has two resistance line in front of it.



if those mentioned resistance lines cant hold copper and the neck line of this possible head and shoulder pass down we might see copper fall around 3.8 USd/lb.



in longer point of view we have a bullish head and shoulder with the incredible target around 6.1 USd/lb.

 

[iced earth]

Copper - 11.03.11

copper has broken the neck line of the bearish Head and Shoulders. target is around 3.8 us$/lb



in this picture we see two resistance lines couldn't hold copper cant hold copper




in longer point of view we have a bullish head and shoulder with the incredible target around 6.1 USd/lb. ( around 3.8 it might touch the resistance line and start a new bullish wave .

 

[iced earth]

SUGAR -ICE Futures (US) 11 March 2011:

As it was mentioned above, divergence between sugar and RSI caused fall in sugar price. it is also has broken the resistance line .



In long term of view we have a uptrend channel and sugar could not break this channel .

 

[iced earth]

Copper - 30.03.11

copper has formed left and right shoulders , if the neck line passed down , the target is around 4.130 us$/lb