Trading High Potential Stocks

Just updated the daily US Dollar chart on my public list. The most obvious pattern emerging is the ABC move to the downside. The price target of that move is located somewhere around 0.75. This is pretty close to the lows printed in December last year. Overall the US$ chart looks sick and technically speaking […]

Almost everything gold and silver related printed a reversal day candle. GLD’s recent low volume move raised a red flag. The last white bullish candle’s open and close are enclosed within today’s black and bearish candle. The name of this candlestick formation is ‘bearish engulfing pattern’. Here’s a quote from ‘Japanese Candlestick Charting Techniques’ from […]

Markets are pulling back. It remains to be seen if this is constructive action building pressure for a resumption of the uptrend after the recent run-up. For now most leaders and strong performers have moved up from sound bases and look extended at these levels. They simply don’t offer low-risk and high-probability entries at this […]

Here’s a few additional technical analysis thoughts on DNN / DML.TO – Denison Mines as the weekly chart is not part of my public list. That being said it’s always a good idea to check weekly charts of stocks you plan to buy. The most important aspect of checking the weekly chart is the fact […]