BNK.TO workup

This workup is to put a watch.....

This appears to be the 3rd touch down on support.... and it appears there is no way to predict the course of price direction... or is there ?

Check the slope of the white average in the first stochastic variation which has been tuned to the rhythm of  BNK..... it is up... the gold stochastic is rolling over.... and when it goes down and reverses..... this a very simple visual of a bounce.... as the stochastic is coming down into a rising average..... support will show itself when the stochastic reverses. This is now either a double bottom or a continuation... follow the yellow stochastic and predict a positive trade with a very tight mental stop and go with it if the average stays up and sell when it rolls over.... 

Tax selling should muffle the move but the proof will be in the results... The other indicator is not valid except that the trend is down....as per the MACD... which is rising and the Williams is oversold suggesting a potential case for support....

Dave GLTA

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NMX.V musing

Anybody with Level II can see all these shares on the ask blocking an up move.

That being said... what could be the motivation...? It breaks down in my head as a choice of three reasons...

Tax selling... definitely a possibility as part of the whole... up until about Dec 22

Weak hands....  obviously some weak hands must be present... everybody's interpretation of the timing will be variable

Or a an institutional function where the over subscription has caused the need to purchase in the open market where that same will to purchase at lower prices instigates some manipulation to make the best of it happen...

All things considered.... fundamentally compared to other companies there is a solid basis for thinking that the present share price is lagging.

Looking at a chart suggests the potential for this present state to wash out sometime going forward... which leaves the obvious conclusion that any pullback down to say .13 to .15 cents would be a level of support...

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NMX.V update

This chart is just a picture.... and in no way indicates the final direction the price will go.... however, if you are looking for a lagging price swimming in positive volume buying it sure qualifies.

The elements of the chart are as follows:

This chart is a weekly and as so portrays a larger view of the trend or potential trend and captures the progress of some daily indicators of general accepted use.

The price is overlaid with an array of moving averages that are common with a daily chart .... 13 and a ....40 {the 13 and 40 smooth out into a  representation of a 20 day average}  now hovering over the....50 and... towards the 200 can be seen.... is the price wedging into an apex on a weekly basis... as well On Balance Volume {OBV} can be seen stepping up in the big picture.

Stochastic is at a low with volume buying bars overshadowing any selling going on...

The final indicator is a Balance of Power overlaid with a 12 26 9 MACD , which has moved above the 0 {trigger} line indicating an upward trend giving support to the Balance of Power...

Recent activity on Level II further supports selling has exhausted... sure looks good!

The same chart in a daily is very provocative.... with support along the rising 200 day average...

In a rising trend the accepted practice is to buy the dip for a low risk entry.... having said that.... this dip opportunity is leaving the station.... the only wild cards would be some expected volatility up to December 22nd due to tax selling and the recent financing where institutional buyers of the financing are selling out older warrants or holdings to participate in a longer forward strike date....

Dave GLTA

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Natcore.... NXT.V

NXT.V is in a bottoming pattern.... some good news of late.... near production for two products...been as high as 1.55..... however, it's still under a lot of selling pressure... look for a big short dip and cover

Dave GLTA

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Do an NMX.V chart

use the chart below to create a chart of NMX.V in a weekly setting

That is a beautiful simple bullish chart that was created.... for entertainment only

Dave GLTA

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Gix.TO gorilla charted

When it comes to looking at charts... relative to a recent high or trend, in this case, makes this price in position to make a move... what the chart is indicating is that it is consolidating, and has yet to move in what appears to be in the likely direction of up.... not based on fundamental analysis, but based on sentiment positioned at a point of diminished selling, and for no other reason.... continued buying pressure. Recent news suggests positive development which is a bit of upward motivation...

It hasn't moved yet... and with a little luck...those in position will will have the chance to collect big or lose little.

Here is a link to some interesting possibilities.... Chart a few of these.... http://www.smallcappower.com/investment_ideas/posts/investment-idea-of-the-day-8-4-2014



Dave GLTA

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Buy the gold miners dip

This is the type of hype I'm hearing.... "Gold Dip" is what u should be buying.... paper or bullion.
GIX.TO is ready to move as are many..... an easy double from these price levels is a risk worth taking on.

Dave GLTA

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